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The Advisory Board Company Reports Fiscal Year 2009 Second Quarter Results
Date:11/5/2008

ts may be affected by certain factors, including those set forth below. Consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ materially from those indicated by forward-looking statements include, among others, the dependence on renewal of membership-based services, dependence on key personnel, the need to attract and retain qualified personnel, management of growth, new product development, competition, risks associated with anticipating market trends, industry consolidation, variability of quarterly operating results, possible volatility in the Company's stock price, the impact on our financials associated with some of our newer programs that are more dependent upon technology, share-based compensation expense under SFAS No. 123R including the effect of the amount, type and timing of future stock-based compensation grants, and various factors related to income and other taxes, including whether the District of Columbia withdraws the Company's status as a Qualified High-Tech Company, as well as those risks and uncertainties described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2008 and also disclosed from time to time in its subsequent reports on Form 10-Q and Form 8-K, which are available on the Company's website at http://www.advisoryboardcompany.com in the "Investor Relations" section and at the SEC's website at http://www.sec.gov. Additional information will also be set forth in the Company's report on Form 10-Q for the fiscal quarter ended September 30, 2008, which will be filed with the SEC in November 2008.

Accordingly, readers are cautioned not to place undue reliance on forward-looking statements ma
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SOURCE The Advisory Board Company
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