IT security company Symantec reports a jump in its consumer business in the fiscal third quarter.
Symantec reported $1.551 billion in revenues in the
third quarter of fiscal 2010, due in part to growth in its consumer
The company reported GAAP net income of $300 million for the
quarter, compared with a $6.82 billion loss for the same quarter the
previous year. About 31 percent of the revenues came from Symantec's consumer
segment, which was up 7 percent compared with the same period last year (3
percent after adjusting for currency).
Symantec's other business units saw declines after currency
adjustments-the security and compliance segment dropped 2 percent
year-over-year, the storage and server management business declined 8 percent,
and the company's services segment fell 5 percent.
To read about Symantec's software-as-a-service security plans, click here.
"Our consumer business, with its market-leading
solutions and diverse go-to-market channels, continued to show strong momentum,"
Symantec President and CEO Enrique Salem
said in a statement. "Our security and compliance business contributed to
the better-than-expected results, driven by our ability to sell multiple
security products to our customers. In addition, our hosted services, data loss
prevention and compliance solutions performed well."
International revenue represented 51 percent of company
revenues in the quarter, a year-over-year increase of 3 percent (5 percent
after adjusting for currency). Revenues from the Asia Pacific and Japan
region jumped 11 percent year over year (a 5 percent increase after currency
adjustments) while the Americas
declined 2 percent both before and after adjusting for currency.