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  • Thursday, April 18, 2024

Symantec Sees Positives in Financial Report

Symantec (NASDAQ: SYMC) reported results of its fourth quarter and the fiscal year 2011, ended April 1, 2011.

According to the firm, “GAAP revenue for the fiscal fourth quarter was $1.67 billion, up 9 percent year-over-year and up 8 percent after adjusting for currency. For the fiscal year, GAAP revenue was $6.19 billion, up 3 percent year-over-year and up 4 percent after adjusting for currency.”

“We closed our fiscal year surpassing expectations across each of our key financial metrics, driven by market share gains and growth in backup, software-as-a-service, data loss prevention and consumer. In addition, our recent acquisitions performed above expectations for the third consecutive quarter, ” CEO Enrique Salem said. “Our rigorous approach to running the business positions us well for fiscal year 2012, during which we will execute on our vision by energizing our core businesses and capitalizing on opportunities in mobile, cloud and virtualization.”

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