The security market continues to defy the recession with Websense the latest to indicate the sector remains stable with a solid set of numbers in its Q1 results.
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The vendor known for web and e-mail filtering reported a 21% increase in revenue to $81m and operating income moved into the black at $5,5m from a loss of $14.1m in the same period last year. Net loss was also trimmed down from $6.2m to $4.3m.
The vendor started to see some of the benefits of its SurfControl acquisition with $20.2m of its revenue coming from subscriptions to that technology.
Websense follows in the wake of Check Point and ComputerLinks, which have both posted financials recently indicating that in an economy where most arrows are pointing down the security world is heading in the right direction.
In a statement, Websense CEO Gene Hodges said that there was still growth in the market and it was seeing strong renewal business and as a result expected to hit its financial goals for the year.