Why Websense Jumped
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What: Shares of Websense (NAS: WBSN) have jumped by as much as 10% after the security specialist reported first-quarter earnings.
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.
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