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The Advisory Board Company Reports Fiscal Year 2010 Second Quarter Results
Date:11/2/2009

lion and $2.2 million for the six months ending September 30, 2009 and 2008, respectively. Other income, net also includes foreign currency loss of $20,000 and foreign currency gain of $0.4 million for the three and six months ending September 30, 2009, respectively. (2) During the three months ended September 30, 2009, the Company completed a voluntary stock option cancellation program. During the three months ended September 30, 2009, the Company recognized approximately $0.7 million in cost of services, approximately $0.1 million in member relations and marketing, and approximately $1.1 million in general and administrative expense relating to this stock option cancellation. Not including this one-time non-cash charge, cost of services, member relations and marketing, and general and administrative expense as a percentage of revenue for the three months ending September 30, 2009 were 52.0%, 22.3%, and 13.2%, respectively.

Web and Conference Call Information

The Company will hold a conference call to discuss its second quarter performance this evening, November 2, 2009, at 6:00 p.m. Eastern Standard Time. The conference call will be available via live web cast on the Company's web site at www.advisoryboardcompany.com/IR. To participate by telephone, the dial-in number is 866.271.5140 and the access code is 12075966. Investors are advised to dial-in at least five minutes prior to the call to register. The web cast will be archived for seven days from 9:00 p.m. Monday, November 2, until 9:00 p.m. Monday, November 9, 2009.

About The Advisory Board Company

The Advisory Board Company provides best practices research, analysis, executive education and leadership development, business intelligence tools, and installation support s
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