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Technology Stocks : Blue Coat Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (188)	2/3/2005 7:12:17 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 218

BCSI has certainly been on a roll lately. They announced their preliminary third quarter results after the close today. They were a bit ahead of their prior guidance. The stock was up about a buck in after hours. biz.yahoo.com Blue Coat Announces Preliminary Results for Fiscal Third Quarter 2005 Thursday February 3, 4:05 pm ET Expects Revenue of $24.4 to $24.8 Million and Non-GAAP EPS of $0.09-$0.11 to Exceed Previous Guidance Schedules Third Quarter Financial Results Conference Call for February 24, 2005 SUNNYVALE, Calif., Feb. 3 /PRNewswire-FirstCall/ -- Blue Coat(TM) Systems, Inc. (Nasdaq: BCSI - News), a leading provider of proxy appliances, today announced preliminary results for its fiscal third quarter ended January 31, 2005. Based on preliminary financial data, the company expects total revenue to be between $24.4 and $24.8 million and GAAP earnings per diluted share to be between $0.06 and $0.08. Non-GAAP earnings per diluted share, which excludes the amortization of intangible assets and stock compensation expense, is expected to be between $0.09 and $0.11. On November 19, 2004 the company provided guidance for its fiscal third quarter of 3-6% sequential growth on the revenue of $21.9 million reported for the second quarter of fiscal 2005, GAAP earnings per diluted share of $0.02-$0.05, and non-GAAP earnings per diluted share of $0.04-$0.07. Third quarter results are preliminary and thus are subject to the company's management and independent auditors completing their customary quarterly closing and review procedures. "We are very pleased with the strength of our core proxy appliance business," said Brian NeSmith, president and CEO of Blue Coat. "Our leadership in providing visibility and control of Web-based communications, as well as protection from spyware and Web-based viruses, is driving the growing market demand for our solutions." NeSmith added, "Our current anticipated sequential revenue growth of 11% - 13% for Q3 compared to Q2 of fiscal 2005 also reflects the positive impact of year-end spending by customers. As such, while we remain optimistic about the long term trends we are seeing, we do not expect revenue growth in our fourth quarter of fiscal 2005 to maintain this pace." Blue Coat historically uses the non-GAAP financial measures of income discussed above for internal evaluation and to report results of its business. Blue Coat believes that these measures best allow its management, board of directors and investors to understand its activities and business results. The company believes that inclusion of these non-GAAP financial measures provides consistency and comparability with past reports of its financial results, as well as comparability to other companies in its industry, most of whom present similar non-GAAP financial measures to investors. <snip>