Veritas Eyes Record Revenue

Veritas CEO Gary Bloom informally raised the companys guidance this week, saying he is "reasonably confident" that fourth-quarter revenue will top the $500 million mark for the first time in Veritas history. The companys formal guidance projects revenue of $480 million to $490 million, while analysts polled by Thomson First Call expect revenue of $489.7 million. Helping to drive the quarter are strong sales of products that help businesses comply with new regulatory demands, including Sarbanes-Oxley and others, Bloom said during a presentation at the Lehman Brothers investment conference in New York.

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