NEWS CATEGORIES:

NEWS ARCHIVE >>
SOFTPEDIA REVIEWS >>

Home / News / Security

Security

Symantec Reports Solid Second Quarter Earnings Results driven by performance across Consumer and Data Center Management groups; company reaffirms fiscal year 2007 guidance	By Alex Frigioiu, Microsoft News Editor 26th of October 2006, 12:39 GMT Adjust text size:


Symantec Corp. reported results for the second quarter of fiscal year 2007, ended Sept. 29, 2006. GAAP revenue for the quarter was $1.262 billion and non-GAAP revenue was $1.275 billion. Non-GAAP revenue grew 7 percent over the comparable period a year ago. GAAP Results: GAAP net income for the fiscal second quarter was $123 million, compared to a net loss of $251 million for the same quarter last year. Diluted earnings per share was $0.12, compared to a loss of $0.21 per share for the same quarter last year. Non-GAAP Results: Non-GAAP net income for the fiscal second quarter was $259 million, compared to $273 million for the same quarter last year. Non-GAAP diluted earnings per share was $0.26, compared to diluted earnings per share of $0.23 for the same quarter last year. For a detailed reconciliation of our GAAP to non-GAAP results, please refer to the attached consolidated financial statements. "Our results for the September quarter met the low end of our expectations," said John W. Thompson, Symantec chairman and chief executive officer. "With the most challenging part of the fiscal year behind us, I believe our business remains healthy and we are poised to achieve our full-year financial targets." Financial Highlights For the quarter, Symantec's consumer business represented 31 percent of total revenue and grew 12 percent year-over-year. The enterprise business represented 69 percent of the total revenue and grew 5 percent year-over-year. The enterprise segment includes results from the Data Center Management, Security and Data Management, and Services groups. International revenues represented 50 percent of total revenue in the second quarter and grew 10 percent year-over-year. The Americas, including the United States, Latin America, and Canada, represented 55 percent of total revenue and increased 5 percent year-over-year. The Europe, Middle East, and Africa region represented 31 percent of total revenue for the quarter and grew 8 percent year-over-year. Asia Pacific/Japan revenue for the quarter represented 14 percent of total revenue and grew 11 percent year-over-year. GAAP deferred revenue at the end of the September 2006 quarter was $2.228 billion. Non-GAAP deferred revenue at the end of the quarter reached $2.250 billion, growing almost 30 percent compared to the September 2005 quarter. December Quarter Forecast For the December 2006 quarter, GAAP revenue is estimated between $1.315 billion and $1.345 billion. GAAP diluted earnings per share for the December quarter is estimated between $0.14 and $0.15. Non-GAAP revenue for the December quarter is estimated between $1.325 billion and $1.355 billion. Non-GAAP diluted earnings per share is estimated between $0.29 and $0.30. Fiscal Year 2007 Forecast Symantec is reaffirming its previously announced guidance for the fiscal year ending March 2007. GAAP revenue is estimated in the range of $5.1 billion to $5.3 billion. GAAP diluted earnings per share for the fiscal year ending March 2007 is estimated between $0.46 and $0.56. Non-GAAP revenue is estimated in the range of $5.2 billion to $5.4 billion. Non-GAAP diluted earnings per share is estimated between $1.06 and $1.16.

Rating:

Fair (2.4/5)

5 vote(s) so far

Read by 670 user(s) | Add comment | Link to this article

Subscribe to news |

Print article |

Send to friend

© Copyright 2001-2008 Softpedia
Contact:

SEARCH THE NEWS ARCHIVE :

Today's News | Yesterday's News | News Archive

MORE RELATED ARTICLES:

Symantec is entering mobile antivirus solutions market

Symantec Launches the Norton 2006 Suite

Symantec Announces Mail Security with Premium AntiSpam for Windows Small Business Server

Symantec's Veritas Storage Foundation Helps Reduce Storage Cost Through Policy-Based Management of Information

Symantec Announces NERC CIP Compliance Solution for Electric Utilities

Symantec Introduces Security 2.0

Symantec Advises Microsoft on PatchGuard

Symantec's Norton Internet Security 2007 Wins PC Magazine Editors' Choice for Security Suites

Symantec and McAfee Should Have Prepared Better for Vista

User opinions:

No user comments yet.

Be the first to express your opinion using the form below!

Share your opinion:

SUBMIT PROGRAM \| ADVERTISE \| GET HELP \| SEND US FEEDBACK \| RSS FEEDS \| ENTER NEWS SITE \| ENGLISH BOARD \| ROMANIAN FORUM
© 2001 - 2008 Softpedia. All rights reserved. Softpedia™ and the Softpedia™ logo are registered trademarks of SoftNews NET SRL.	Copyright Information \| Privacy Policy \| Terms of Use \| Update your software \| Archive