Symantec Closes Out Big Year - 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
Software // Enterprise Applications

Symantec Closes Out Big Year

Revenue and net income soared thanks to the continuing spate of new virus and worm attacks.

Symantec Corp. said Wednesday that revenue for fiscal 2004 grew 33% over 2003. For the fiscal year ended April 2, the maker of Internet security software posted revenue of $1.87 billion compared with $1.41 billion a year earlier.

Net income for the fourth quarter was $117 million, up from $68 million for the year-ago quarter. For the full year, net income was $371 million, compared with $248 million for fiscal 2003.

Company execs said on an investor call that new virus and worm attacks were one of the primary drivers behind the increased earnings. Chairman and CEO John W. Thompson said Symantec closed more than 260 contracts worth $100,000 and 11 contracts worth more than $1 million in sales in the fourth quarter.

The company also raised guidance for its first quarter by $40 million to between $525 to $555 million.

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
Commentary
CIOs Face Decisions on Remote Work for Post-Pandemic Future
Joao-Pierre S. Ruth, Senior Writer,  2/19/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
News
CRM Trends 2021: How the Pandemic Altered Customer Behavior Forever
Jessica Davis, Senior Editor, Enterprise Apps,  2/18/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
Slideshows
Flash Poll