Feeds

Veritas makes gains in Q1

Timid on Q2 predictions

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Software maker Veritas saw its first quarter profits come in higher than expected but warned that sales could be harder to come by in the next three months.

For the quarter ended March 31, Veritas generated $394 million in revenue and posted net income of $43 million. That compares with the $370 million and $44 million in net income posted in the same period last year.

Veritas makes the majority of its money selling backup software and products such as its volume manager and file systems for various operating systems. It has worked to generate new sources of revenue with clustering software and sophisticated networked storage management products.

Despite higher than expected gains this quarter, the company said that continued slow IT spending patterns cause it to be cautious about the second quarter. Veritas expects revenue between $370 million and $380 million for the period.

Veritas has surpassed earnings forecasts every quarter since Gary Bloom took the helm in November of 2000. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Microsoft's Nadella: SQL Server 2014 means we're all about data
Adds new big data tools in quest for 'ambient intelligence'
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.