Symantec reports Americas revenues of US$915mn for fiscal 4Q11

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Friday, May 13, 2011

US security firm Symantec (Nasdaq: SYMC) reported US$915mn in revenues for the Americas, growing 9% year-on-year during its fiscal 4Q11, ended April 1, according to results from the company.

Revenues from the region represented 55% of Symantec's total during the quarter.

Overall, Symantec's net profit in fiscal 4Q11 was down to US$168mn, from US$184mn during 4Q10, as a 15% increase in operating expenses pulled down the bottom line. Revenue for the quarter was up 9% year-over-year to US$1.67bn.

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For the full fiscal year, Symantec posted a net profit of US$597mn, down 17% compared to US$714mn in 2010. Revenues for 2011 were up 3% to US$6.19bn.

"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," said Symantec CEO and president Enrique Salem.

Salem also noted that recent acquisitions performed above expectations for the third consecutive quarter.

For the first quarter of 2012, which ends July 1, the company estimates revenues to grow between 10% and 11%, reaching US$1.57bn-1.59bn.

Use this link to view the full results.