Investments

WebSideStory Posts Record First Quarter 2006 Results

Raises Revenue Guidance

SAN DIEGO, CA (May 10, 2006) WebSideStory, Inc. (Nasdaq:WSSI), a leading provider of on-demand digital marketing and customer analytics solutions, today announced the results of operations for the first quarter ended March 31, 2006. Financial and operating highlights for the quarter include:
* Record non-GAAP revenue of $14.5 million, an increase of 109% percent over the comparable period last year on an as-reported basis and 37% on an organic basis. Non-GAAP revenue includes $1.1 million in deferred revenue related to the companys merger with Visual Sciences. The first quarter of 2006 includes the results of operations from Visual Sciences from the period beginning February 1, 2006.

Bank Of America Investment * GAAP revenue of $13.4 million, an increase of 93% over the comparable period last year on an as-reported basis and 20% on an organic basis.

drops by Dan Meyer Before being acquired by Alltel Corp. later this year, Western Wireless Corp. posted a company record 58, 600 domestic net customer additions during the first quarter of this year. If you would like to receive late breaking news on technologies covered by AXcess News then you need to subscribe. Print This Page May 5, 2005 ( Rcr) In what is expected to be its final quarterly financial report before being acquired by Alltel Corp. later this year, Western Wireless Corp. posted a company record 58, 600 domestic net customer additions during the first quarter of this year. quarter 2004 results and that it ended the quarter with 1.454 million domestic customers.

Investment Opportunity * Raised non-GAAP revenue guidance for the second quarter of 2006 from between $15.8 million and $16.4 million to between $16.0 million and $16.7 million, and raised GAAP revenue guidance for the second quarter of 2006 from between $14.6 and $15.2 million to between $14.7 and $15.4 million.

d) The adjusted amounts exclude a $7.5 million, or $0.12 per diluted share, tax accrual recorded on the repatriation of dividends from European subsidiaries in the fourth quarter of fiscal year 2005. On May 10, 2005, the U.S. 38. The notice provided for a tax benefit, which was recorded by the Company in the first quarter of fiscal year 2006, that fully offset the tax accrued by the Company on foreign dividends in fiscal year 2005. Neither the first quarter fiscal year 2006 tax benefit nor the corresponding fourth quarter fiscal year 2005 tax accrual had cash impact to the Company. In addition, month period ending April 30, 2006, the adjusted amounts above also exclude a $6.8 million, or $0.11 per diluted share, tax benefit recorded in fiscal year 2006 related to the settlement of certain matters with tax authorities.

Banc Of America Investment * Non-GAAP earnings per share of $0.12, compared to previously issued guidance of $0.10 to $0.12 per share. Non-GAAP earnings per share excludes stock-based compensation expenses, amortization of intangibles and other non-cash items described below. On a GAAP basis, the company reported a loss of $0.09 per share.

Adjusted EBITDA in the first quarter of fiscal 2006 was $14.4 million, a 19% increase compared to $12.1 million in the first quarter of fiscal 2005. A reconciliation of Cash Flow from Operations, which was $5.9 million and $9.0 million in the first quarters of fiscal years 2006 and 2005, respectively, to Adjusted EBITDA can be found in the tables accompanying this press release.

Banking Investment * Strong year-over-year organic revenue growth from core product lines, including 40% growth in the Active Marketing Suite, comprised of HBX, Search and Publish, and 55% growth in the Visual Sciences business unit.

Holders of buy to let mortgages saw returns from their housing investment rise during the first quarter of the year, according to the Association of Residential Letting Agents (Arla).

Investment Solution Strategic * Signing of 120 new contracts for various modules of the WebSideStory Active Marketing and Visual Sciences suites, surpassing 1,300 enterprise customers worldwide.

Q until no later than April 20, 2007. The Company intends to delay its filing of quarterly results to complete the accounting of its acquisition of InterVideo on December 12, 2006, specifically regarding the allocation of the purchase price related to the acquisition. As a result of this delay, the Company has postponed its results conference call, 30 p.m. eastern time. The Company will announce a new time for the first quarter earnings conference call shortly.

Investment Banking Services * The companys 10th consecutive quarter of positive cash generation and non-GAAP profitability, including non-GAAP net income of $2.3 million, which includes deferred revenue related to the Visual Sciences merger and excludes stock-based compensation, amortization of intangibles and other non-cash items. On a GAAP basis, the company reported a net loss of $1.7 million for the quarter.

Bank Investment We are pleased to post another strong quarter, highlighted by record non-GAAP revenue and strong cash generation, while continuing to deliver new and innovative products that are changing the landscape of digital marketing and real-time enterprise analytics, said Jeff Lunsford, chairman and CEO of WebSideStory. Our customers are now seeing the synergies of the Active Marketing Suite in action, as exemplified by the recent launch of WebSideStory Search 4.0, the first site search solution to automatically integrate site search with web site behavioral data. As part of a live test, Brooks Brothers enjoyed a 25 percent increase in online sales from visitors using site search, directly attributable to this innovative capability. Additionally, demand for HBX and Visual Sciences solutions continues to meet or exceed our goals as real-time web analytics and real-time enterprise intelligence are gaining mainstream recognition as required capabilities for competing in the global marketplace.

Alternative Investment About WebSideStory, Inc.
Founded in 1996, WebSideStory, Inc. (Nasdaq: WSSI) is a leading provider of on-demand digital marketing and customer analytics solutions that improve online marketing, sales and business operations. Its Active Marketing Suite(TM) consists of web analytics, site search, web content management, and keyword bid management. WebSideStory also provides customer analytics solutions through its wholly owned subsidiary, Visual Sciences, LLC, a leading provider of streaming data analysis and visualization software. WebSideStory is headquartered in San Diego, California, and has European headquarters in Amsterdam, The Netherlands. For more information, contact WebSideStory. Voice: 858.546.0040. Fax: 858.546.0480. Address: 10182 Telesis Court, 6th Floor, San Diego, CA 92121. Web site: www.WebSideStory.com. HBX and Active Marketing Suite are trademarks and WebSideStory is a registered trademark of WebSideStory. Visual Sciences is a registered trademark of Visual Sciences, LLC. Other trademarks belong to their respective owners.

Online Investment Services Source: WebSideStory

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