View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
May 12, 2009

Symantec in the red in Q4 and year

Security and compliance revenue fell 12.6% to $369.6m

By CBR Staff Writer

Security and storage software provider Symantec has reported a net loss of $249.4m for the fourth quarter 2009, compared to net income of $186.4m in the year-ago quarter, on revenue down 4.7% at $1.46 billion.

It made an operating loss of $192.4m compared to a profit of $213.4m last year. The diluted loss per share was $0.3 compared to diluted EPS of $0.22 in the same quarter last year.

The company said security and compliance revenue fell 12.6% to $369.6m, while storage and server management decreased 3.9% to $538.9m. Consumer revenue declined 3.9% to $430.9m, while services revenue grew 20.6% to $127.9m and revenue from other declined 87% to $113m.

Geographically, Americas revenue increased marginally to $804.9m, EMEA revenue fell 14.4% to $445.3m, and Asia Pacific/Japan revenue was down 1.2% to $217m.

For the fiscal year, it reported a net loss of $6.7 billion, compared to net income of $463.8m in the year-ago quarter, on revenue up 4.7% at $6.14 billion.

For the first quarter 2010 it expects revenue between $1.44 billion and $1.5 billion and diluted EPS between $0.09 and $0.11. GAAP deferred revenue is expected to be in the range of $2.84 billion to $2.94 billion.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.