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The Advisory Board Company Reports Results For Quarter Ended 12/31/09
Date:2/4/2010

WASHINGTON, Feb. 4 /PRNewswire-FirstCall/ -- The Advisory Board Company (Nasdaq: ABCO) today announced financial results for the quarter ended December 31, 2009, the third quarter of its fiscal year ending March 31, 2010.  Revenue for the quarter increased 2.7% to $60.9 million, from $59.3 million in the quarter ended December 31, 2008.  Contract value grew 10% to $253.7 million as of December 31, 2009, up from $230.9 million as of December 31, 2008. Net income was $4.3 million, or $0.27 per diluted share, compared to $5.8 million, or $0.37 per diluted share, for the same period a year ago.  EBITDA was $7.3 million for the quarter, compared to $9.2 million in the quarter ending December 31, 2008.

For the nine months ended December 31, 2009, revenue increased 1.0% to $175.9 million, from $174.2 million for the nine months ended December 31, 2008.  Net income was $6.4 million, or $0.41 per diluted share, compared to net income of $17.6 million, or $1.04 per diluted share, for the same period a year ago.  Excluding the effec
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SOURCE The Advisory Board Company
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