Websense's Sales Jump

IT security company Websense(WBSN Quote) beat analysts' expectations for the fourth quarter and guided higher for the fiscal year 2008 on increased renewals from its existing customers.

However for the fourth quarter it reported a net loss of $26.9 million, or 59 cents a share in the quarter, compared with an income of $7.7 million, or earnings of 17 cents a share, a year ago largely due to acquisition related charges and write-offs stemming from its purchase of U.K.- based company SurfControl last year.

Excluding charges, net income was $12.8 million, or 28 cents a share, which was higher than analysts' expectations of 23 cents a share, and 3 cents higher than its EPS a year ago. ...