Bangkok--22 Dec--Faq
Achieves Record Net Revenue
Blue Coat Systems, Inc. (NASDAQ: BCSI), the leader in WAN Application Delivery and Secure Web Gateway, today reported its financial results for its second quarter of fiscal 2009 ended October 31, 2008. Total net revenue for the second quarter of fiscal 2009 was $119.0 million, an increase of 62% compared to net revenue of $73.4 million in the same quarter last year, and an increase of 16% compared to net revenue of $102.5 million in the immediately preceding quarter. Excluding net revenue associated with the acquisition of Packeteer, Inc. on June 6, 2008, net revenue for the second quarter of fiscal 2009 was $93.9 million, an increase of 28% compared to net revenue of $73.4 million in the same quarter last year, and an increase of 9% compared to net revenue of $86.4 million in the immediately preceding quarter.
“Despite a difficult economic environment, Blue Coat continued to execute its strategy during the second quarter, enabling us to once again report record net revenue,” said William Tan, Regional Country Manager, Thailand and Vietnam, Blue Coat Systems.
“We have largely completed the integration of Packeteer, Inc., which we acquired in June, and recognized approximately $25 million in net revenue from the acquired business in the second quarter. In addition, we achieved integration between our ProxySG appliances and the PacketShaper appliances we acquired from Packeteer. Customers around the world have an ongoing need to gain visibility and control of corporate networks, accelerate business-critical applications, and prevent malicious attacks to achieve the cost and risk reduction that is essential to their success. Blue Coat is uniquely positioned to provide the visibility, acceleration and security required in a single solution.”
Blue Coat ended the quarter on October 31, 2008, with cash, cash equivalents, and restricted cash of $97.8 million, an increase of $21.5 million from the prior quarter. Cash flow provided by operations in the second quarter of fiscal 2009 was $27.1 million.
About Blue Coat Systems
Blue Coat secures Web communications and accelerates business applications across the distributed enterprise. Blue Coat’s family of appliances and client-based solutions — deployed in branch offices, Internet gateways, end points, and data centers — provide intelligent points of policy-based control enabling IT organizations to optimize security and accelerate performance between users and applications. Blue Coat has installed more than 40,000 appliances worldwide. Blue Coat is headquartered in Sunnyvale, California, and can be reached at (408) 220-2200 or www.bluecoat.com .
For more information, please contact
Beverly Lu / Piya Paitoonrajitpipat
Blue Coat System Inc.
Email: [email protected]
Press release issued by
Mongkol Jullayothin / Warawong Jongrak
Faq Co,Ltd.
Tel: 0 2971 3711
Email: [email protected] /[email protected]