Veritas Software Income Up

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.

Read the full story at Silicon Valley/San Jose Business Journal