Dubai – 7th June 2009: Blue Coat Systems, Inc. (NASDAQ: BCSI), the technology leader in Application Delivery Networking, today reported its financial results for its fourth quarter and fiscal year ended April 30, 2009. Total net revenue for the fourth quarter of fiscal 2009 was $114 million, an increase of 29% compared to net revenue of $88 million in the same quarter last year, and an increase of 4% compared to net revenue of $110 million in the immediately preceding quarter. Excluding net revenue associated with Packeteer, net revenue for the fourth quarter of fiscal 2009 was $89 million, an increase of 1% compared to net revenue of $88 million in the same quarter last year, and an increase of 3% compared to net revenue of $86 million in the immediately preceding quarter.

Net revenue for the fiscal year ended April 30, 2009 was $445 million, an increase of 46% when compared to net revenue of $305 million for the fiscal year ended April 30, 2008. Excluding net revenue associated with Packeteer, net revenue for fiscal 2009 was $356 million, an increase of 16% compared to net revenue of $305 million in fiscal 2008.

“I am pleased with our team’s ability to execute in the midst of a difficult economic environment,” said Brian NeSmith, President and Chief Executive Officer, Blue Coat Systems. “Our Application Delivery Network value proposition, coupled with the mission-critical nature and compelling ROI of our products, positions us well in challenging times.”
“Looking back on the year, I believe we had a strong fiscal 2009. In a fairly short period of time, Blue Coat has evolved to be a leader in WAN optimization and extended its leadership position in the secure Web gateway market.”

The Company ended the quarter on April 30, 2009, with cash, cash equivalents, and restricted cash of $115 million, an increase of $3 million from the prior quarter. Cash flow provided by operations in the fourth quarter of fiscal 2009 was $5 million and $58 million for the year ended April 30, 2009.

Financial Outlook

For the first quarter ending July 31, 2009, the company is currently planning net revenue in the range of $114 to $119 million. On a GAAP basis, the Company expects net income of $0.03 to $0.08 per diluted share. On a non-GAAP basis, the Company expects net income of $0.20 to $0.25 per diluted share.

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About Blue Coat Systems
Blue Coat Systems, Inc., is the technology leader in Application Delivery Networking. Blue Coat offers an Application Delivery Network Infrastructure that provides the visibility, acceleration and security required to optimize and secure the flow of information to any user, on any network, anywhere. This application intelligence enables enterprises to tightly align network investments with business requirements, speed decision making and secure business applications for long-term competitive advantage. For additional information, please visit www.bluecoat.com.

Blue Coat, ProxySG and the Blue Coat logo are registered trademarks or trademarks of Blue Coat Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners.

For more information, please contact:
Manal Abi Rafeh
Regional Marketing Manager ME & Turkey
Dubai Internet City, Building 10, office 314
P.O. Box 72377
Dubai – UAE
Tel: (971-4) 391-1620
FAX: (971-4) 391-1635
E-mail: manal.abirafeh@bluecoat.com
Website: www.bluecoat.com

For media requests, please contact:

Phone +971 (4) 337 2824
Email team@tcf-me.com

P.O. Box 29764
Dubai, United Arab Emirates
Fax +971 (4) 337 2825