Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Websense
So what: Revenue in the quarter was $89.5 million, with non-GAAP earnings per share of $0.36, topping the Street's profit forecast. The results were driven by strong performance of its TRITON offering, which saw billings grow 42% to $49 million.
Now what: CEO Gene Hodges said it was the fourth consecutive quarter where TRITON accounted for the majority of billings, which speaks to the success of Websense's sales team upgrading customers to its integrated offering. The company also issued full-year guidance of $364 million-$374 million in sales, compared to the market's expectations of $368 million.
Interested in more info on Websense? Add it to your watchlist by clicking here.
Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.