Viral plague benefits Sophos
Profits up 65% and plans to create 160 jobs
Anti-virus specialist Sophos has posted annual results that show profits are up 65 per cent. It's also announced plans to expand its operations, creating 160 jobs.
For the year ended 31 March 2001, Sophos made £7.8 million on a turnover of £22.6 million compared to profits of £4.7 million it recorded on a turnover of £14.7 million last year.
On the strength of these results, Sophos intends to expand its operations to Milan and Singapore. The UK-based firm already has offices in France, Germany, USA, Japan and Australia.
Sophos, which specialises in the corporate anti-virus market, has not been hit by the slowdown in PC sales that has effected the sales of competitors Symantec and Network Associates, both of whom have wider product portfolios. Some players in the anti-virus market, such as F-Secure have even made job cuts. ®
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