Weak European market tempers Websense outlook

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Weak European market tempers Websense outlook

Simon Quicke
Websense saw its share price drop after its revenues didn't meet the expectations of market watchers and it issued gloomy guidance over the fiscal year ahead.

Wall Street had expected revenues of $94m so the fourth quarter performance of $92.7m disappointed the markets but it was the mentions of uncertain conditions that indicated the rest of this year might not be smooth for the vendor.

"As expected, strength in the enterprise segments of the U.S. and emerging markets was balanced by weakness in continental Europe, which we believe reflected the region's continued economic uncertainty," said Gene Hodges, Websense CEO.

He added that it was confident that the demand was still there for content security solutions, "and we can continue to grow enterprise billings even in slow-growth macro-economic environments".

Software and services revenue remained flat year-on-year at $82.2m and appliance revenues grew strongly to $10.4m compared with just $4.2m a year earlier.

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