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

om third parties, risks associated with anticipating market trends, industry consolidation, variability of quarterly operating results, possible volatility in the Company's stock price, 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, 2009 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 www.advisoryboardcompany.com/IR 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 September 30, 2009, which will be filed with the SEC in November 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    Six Months Ended  Selected
                        September 30,    Growth        September 30,   Growth
                      2009        2008    Rates      2009        2008   Rates
                      ----        ----    -----      ----        ----   -----
    Statements of
     Income
    Revenue        $58,323     $57,625     1.2%  $115,026    $114,842    0.2%
                   -------
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SOURCE The Advisory Board Company
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