Feeds

Symantec posts strong quarter

Fattening up

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Symantec yesterday posted bumper earnings on the back of recent viral epidemics that have boosted demand for its security software and services. For the quarter ending 31 December 2004 (Q3 2005), Symantec posted revenue of $695m, up 41 per cent from $494m in the same quarter last year. Net income for Q3 2005 was $164m, compared to $111m in Q3 2004.

Symantec said its "record revenue and earnings" came as a result of large enterprise transactions and strong international performance across all business segments. It booked 410 $100K+ deals for the quarter, 132 more then in Q3 2004. Symantec's worldwide enterprise business made up 48 per cent of total revenue last quarter and grew 33 per cent year-over-year. Meanwhile its consumer business grew 49 per cent. International revenues represented 54 percent of Symantec's total sales for Q3 2005.

Looking ahead, Symantec estimates Q4 2005 revenues to come in at between $690m-$710m. For FY2005, Symantec upped its revenue estimate to $2.57bn.

Symantec and storage software firm Veritas agreed to merge in December. The proposed $13.5bn all-stock is still dependent on shareholder and regulatory approvals. If the deal goes through the aggregate revenue of the combined company is expected to be approximately $5bn for FY2006, which begins in April 2005 and ends in March 2006. ®

Related stories

Veritas CEO promises Symantec buy will be kind and gentle
Symantec outlines plans for Veritas
Symantec buys Veritas for $13.5bn stock
Symantec drives security deep into enterprise
The strange death of the mass mailing virus (Symantec's security predictions for 2005)

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.