Symantec Cautiously Optimistic At Fiscal Year's End - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Symantec Cautiously Optimistic At Fiscal Year's End

Internet security-software maker Symantec Corp. says strong sales to large companies were largely behind the company's revenue and earnings for fiscal 2001. Revenue was $944.2 million, compared with $826.6 million for fiscal 2000. Earnings per share for the 2001 came in at $2.35, compared with $1.88 for fiscal 2000.

Revenue for the fourth quarter, ended March 31, was $250.6 million, up 15% from the same period last year. Earnings per share was 62 cents, compared with 55 cents a year ago.

Symantec CEO John Thompson said in a conference call Wednesday that while Symantec is not immune to an economic downturn, the company has not experienced a slowdown in enterprise-security demand. It was, in fact, the "highlight" of the fourth quarter, he said.

Last year, Symantec acquired intrusion-detection software maker Axent Technologies to help raise its profile with big businesses. At the time, many analysts doubted Symantec's ability to seamlessly integrate Axent into its operations, but Gartner analyst John Pescatore says the company has done so. "I've talked to a number of Axent customers since the acquisition, and not one has complained about how Symantec is now running things," he says.

Symantec execs say the company saw a number of noticeable wins during the fourth quarter, including 17 deals, each worth more than $300,000. Among the new buyers were the U.S. Navy and Marine Corps, Reuters, Intel, and BellSouth.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll