PRE-SPLINTERED Symantec's Q2 revenue slips, net profit rises
Steady as she goes for information protection company
Symantec has reported mixed second quarter results, with revenue down one per cent on the year, but net profit rising by the same amount.
The company saw revenue of $1.62bn for its second fiscal 2015 quarter, compared with revenue of $1.64bn a year ago (a fall of one per cent), and $1.74bn in the previous quarter.
Net profit of $244m was one per cent higher than the $241m reported a year ago, and considerably higher than the $236m earned in the previous quarter.
Profits as a proportion of revenue were 15.1 per cent; that number was 14.7 per cent a year ago, and 13.6 per cent in the first quarter, proving that cost-cutting and margin-raising had been effective.
Symantec CEO and prez Michael Brown talked of solid results, arguing he was pleased "with the growth we achieved in enterprise endpoint security and data loss prevention", and highlighted the "strong performance in our NetBackup appliances, which accelerated from 35 per cent year-over-year growth in the June quarter to 45 per cent in the September quarter".
Symantec's split into separate security and information management companies is on track and we shouldn't expect any great changes in the strategies of either product sector until the split actually happens, especially as the exec team for information management hasn't been confirmed yet. ®