Symantec Sees Revenue Jump in 3Q
Symantec reported strong 3Q earnings, highlighted by a 34 percent jump in revenue.Symantec Corp. on Wednesday reported strong third-quarter earnings, highlighted by a 34 percent jump in revenue to $325 million from $242 million a year ago. Earnings per share grew to $0.33 from a loss of $0.08 per share in the third quarter of 2001. Officials for the Cupertino, Calif., security vendor said there was no single reason for the large increase in sales and that the revenue numbers were driven by strength in both the consumer and enterprise portions of the business. Symantec officials also said that they expect the fourth quarter to be just as strong.
"We feel very good about the quarter were in right now," said John Schwarz, president and chief operating officer at Symantec. "The business is really running very well right now. It was just solid, across the board performance."