SAN FRANCISCO --
swung to a first-quarter loss but the IT security company beat analysts' earnings expectations.
The company lost $6.2 million, or 14 cents a share, compared with a profit of $3.8 million, or 9 cents a share, a year ago.
Excluding acquisition-related charges, net income for the quarter was $17.6 million, or 35 cents a share. Analysts were expecting 30 cents a share.
Including about $20 million of subscription revenue from its SurfControl acquisition, Websense's revenue jumped to $86.5 million from $49.7 million a year ago.
Analysts were expecting revenue of $84.8 million.
For the full fiscal year, Websense said it expects revenue of $325 million to $335 million and earnings, excluding items, of $1.15 to $1.25 a share.
Analysts were expecting revenue of $334.5 million and earnings of $1.23 a share.
Shares of Websense were up a penny to $20.30 in recent extended trading.
The company's outlook, along with a strong report late Wednesday from sector giant
, suggests companies in the IT sector feel confident about weathering the economic slowdown.
Symantec shares rose $2.12, or 12.3%, to $19.34 after the company
and offered strong outlook for the current quarter.
offered second-quarter revenue outlook that was above analysts' expectations; its stock closed higher $1.48, or 4.4%, to $34.73 Thursday.