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The Advisory Board Company Reports Fiscal Year 2008 Third Quarter Results
Date:2/5/2008

iliation of the Company's adjusted financial results with the results presented in accordance with generally accepted accounting principles ("GAAP").

Frank Williams, Chairman and Chief Executive Officer of The Advisory Board Company, commented, "We are very pleased with our financial results for the quarter and for the calendar year. Our strong revenue performance and 16% growth in contract value illustrate the continued market attachment to our model of providing proven best practices to address the complexity inherent in today's healthcare and education fields. Across the quarter, we saw consistent demand for our membership programs, driven by our cutting-edge research agendas, heavy member utilization of program services and analytical tools, and the continued impact we are having on our members' most important issues. We continue to see a favorable market environment for renewals, cross-selling and new program launches, which are the primary growth drivers of our business."

Williams added, "I am also pleased today to announce the launch of the University Provost Program, our second program in the education vertical. The University Provost Program is a renewable membership program that provides best practice research, peer networking, and tools to help Provosts better manage university operations, set institutional priorities, and measure and improve performance. Provost feedback has been very positive about our ability to provide proven best practices to assist with today's difficult issues in higher education, such as the continued push to demonstrate academic outcomes, increased competition for research funding, and the challenge of faculty recruitment and retention. As always, we have established a strong charter membership for the program, including Duke University, College of William and Mary, Dartmouth College, New York University, University of North Carolina, University of California, Washington University, and University of Illinois. The g
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