Veritas Reports Record Results
The company reports third-quarter earnings of $77.6 million on $451 million in revenue, versus $49 million on $413 million last quarter.For the second straight quarter, Veritas Software Corp. has reported record results. On Wednesday, the company reported third-quarter earnings of $77.6 million on $451 million in revenue, versus $49 million on $413 million last quarter and $36.2 million on $366 million last year. The results are a record for the Mountain View, Calif., software company, said Gary Bloom, chairman, CEO and president.
"It is clearly evident why Veritas is winning in the market. We provide customers with what they need," such as lower costs and better use of capital investments, he said. Furthering that is the utility computing concept, which "in the weeks to come we will unveil the next phase of our strategy," he said.