UPDATE 2-ArcSight Q3 profit beats Street, sees strong Q4

venerdì 6 marzo 2009 00:41

* Q3 adj. EPS $0.21

* Q3 revenue $36.4 mln vs est. $32.7 mln

* Sees Q4 rev $34 mln-$38 mln vs est. $33.8 mln

* Shares up 16 pct (Adds conference call details)

BANGALORE, March 5 (Reuters) - ArcSight Inc ARST.O, a provider of security and compliance management software, posted a quarterly profit that topped market estimates on strong growth across all its businesses, and it forecast better-than-expected fourth-quarter revenue, sending its shares up 16 percent.

The company, whose rivals include Symantec Corp (SYMC.O: Quotazione) and EMC Corp EMC.N, has been riding on rising demand for cyber security services from enterprise and government customers.

The top three revenue drivers during the quarter were government, financial services and telecoms, a company executive said on a conference call with analysts.

Analysts say the cyber security market will be a fast-growing area in coming years and could generate more than $10 billion in contracts by 2013.

In fiscal 2008, the U.S. federal government and related agencies accounted for about a fifth of its revenue.   Continua...