Websense has cut its losses in Q4, with its subscription business expanding and demand for security holding up...
through the recession.
The supplier reported a net loss of $11m for the fourth quarter, which compared to a $5.7m loss for the same period last year . Overall losses for the fiscal year were reduced from $26.8m to $10.7m.
Revenue increased slightly in Q4 with a 2% rise and 9% for the year as a whole to $313.7m.
Websense CEO Gene Hodges pointed to subscription growth as the main positive in the last few months of 2009 and predicted that the improvement in its performance would continue into this year.
"Our fourth quarter results demonstrate that Websense is at an inflection point in terms of growth. The growth in [subscriptions] in the second half of 2009 should translate into growth in revenue and earnings in the second half of 2010," he said.
He added that the supplier was set to benefit from "renewed vigour in the web security market" as well as making sure it could provide better execution in its sales.
A version of this story appeared on MicroScope.co.uk