Feeds

Symantec's profits up in calm third quarter

Growth in security and compliance keeps ship steady

Protecting against web application threats using SSL

CEO Enrique Salem stands crisp and smart on the poop deck of the good ship Symantec, looking back at a straight course and ahead to more growth. It's a pretty unexciting third quarter story really.

Third quarter revenues for the security, storage and server company were $1.75bn – 7 per cent up on a yearly comparison. Profits were $240m, up loads from the $132m recorded a year ago, an increase of 82 per cent actually, which must have made the generally imperturbable Salem feel like whooping with joy.

Symantec said: "Consumer segment revenue represented 31 per cent of total revenue and increased 5 per cent year-over-year on an actual and currency-adjusted basis.

"The Security and Compliance segment revenue represented 30 per cent of total revenue and increased 17 per cent year-over-year on an actual and currency-adjusted basis.

"The Storage and Server Management segment revenue represented 36 per cent of total revenue and increased 3 per cent year-over-year on an actual and currency-adjusted basis.

Services segment revenue represented 3 per cent of total revenue and decreased 13 per cent year-over-year ... as expected due to the company's move to a partner-led consulting model."

Revenues for the fourth quarter are expected to be between $1.72bn and $1.73bn, increasing 2.8 to 3.4 per cent on an annual basis. Salem is probably encouraging his storage and server business execs to get that growth rate up to consumer and security and compliance segment levels. Hmm, what can they do? Buy CommVault? Get into big data more? Provide cloud storage gateway software to stop Amazon and others stealing the data protection business from underneath their noses?

Symantec's navigators are plotting the course ahead to find good winds, safe seas and fine anchorages. The rise in governmental and corporate hacks is good news for the security software maker and indicates strong and steady growth ahead. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.