Symantec Posts Profitable Q4
A 9 percent increase in Symantec's consumer business led the way in the final quarter of its fiscal year 2010, the security company reports.Symantec posted a strong fourth quarter for fiscal 2010 on the back of strong consumer sales. In its earnings announcement May 5, Symantec said revenue rose 3 percent to $1.535 billion for the quarter, reaching $6.01 billion for the fiscal year. The strongest growth occurred in the consumer segment, which "represented 31 percent of total non-GAAP [Generally Accepted Accounting Principles] revenue and increased 9 percent year over year."
The company's security and compliance segment increased 2 percent year over year, storage and server management declined 1 percent, and the services segment increased 8 percent.