Veritas reports net income of $86 million in the second quarter.
Veritas Software Corp. this week announced net income for the quarter ended June 30, 2004 of $86 million, or 20 cents per diluted share, on revenue of $485 million. The company reported net income of $46 million, or 11 cents per diluted share, for the same period a year ago.
"While total revenue was up 19 percent year-over-year, the June quarter was challenging in our U.S. enterprise business, particularly for license transactions at the end of the quarter," said Gary Bloom, chairman, president and CEO, Veritas Software.
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