dcsimg
 

Revenue Up, Profit Down at Symantec

By Channel Insider Staff  |  Posted 2011-05-12 Email Print this article Print
 
 
 
 
 
 
 

WEBINAR:
On-Demand

Modernizing Authentication — What It Takes to Transform Secure Access


Symantec beat Wall Street analysts' projections despite a 9 percent dip in profits for the fourth quarter of 2011.

Data protection and software management provider Symantec on May 11 reported a 9 percent decline in its profits for its fourth-quarter 2011 earnings, but the company still bettered Wall Street analysts' projections.

The Mountain View, Calif.-based company that makes the popular Norton Security Suite cleared $168 million (22 cents per share) for the three-month period ending April 1, compared with earnings of $184 million (23 cents) for the same period a year ago.

Revenue improved to $1.67 billion, a 9 percent improvement from $1.53 billion last year and $70 million more than analysts had told their clients to expect to see.

Symantec's sales of new licenses climbed 11 percent to $280 million, indicating strength in potential future business from maintenance and product upgrades.

For more, read the eWEEK article: Symantec Quarterly Profits Down Slightly, but Revenue Up.

 
 
 
 
 
 
 
 
 
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 

Submit a Comment

Loading Comments...
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 
 
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date