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The Advisory Board Company Reports Fiscal Year 2010 First Quarter Results
Date:8/4/2009

stor Relations" section and at the SEC's website at www.sec.gov. Additional information will also be set forth in the Company's report on Form 10-Q for the quarter ended June 30, 2009, which will be filed with the SEC in August 2009.

Accordingly, readers are cautioned not to place undue reliance on forward-looking statements made in this news release, which speak only as of the date of this news release, and the Company does not undertake to update these statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise.

                              THE ADVISORY BOARD COMPANY
                    UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
                           AND OTHER OPERATING STATISTICS
                      (In thousands, except per share data)

                                           Three Months Ended      Selected
                                                June 30,            Growth
                                            2009           2008      Rates
                                            ----           ----      -----
    Statements of Income
    Revenue                              $56,703        $57,217        -0.9%
                                         -------        -------

    Cost of services (1)                  30,064         28,554
    Member relations and marketing (1)    12,557         12,398
    General and administrative (1)         6,767          6,895
    Depreciation and amortization          1,903          1,083
        Income from operations             5,412          8,287       -34.7%
    Other income, net                        962          1,204
        Income before provision for
         income taxes                      6,374          9,491       -32.8%
    Provision for income taxes            (2,186)        (3,161)
                                        
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SOURCE The Advisory Board Company
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