Symantec's Q3 revenues up 14% to U$1.6bn, Americas represent 54%

Friday, October 28, 2011

US security firm Symantec's revenues were up 14% in Q3 compared to the year-ago period, totaling US$1.6bn, with Americas revenues representing 54% of the total, the company said in a statement.

The Americas increased its revenue contribution 11% year-on-year.

Europe, the Middle East and Africa represented 27% of quarterly revenues, up 11%, while Asia-Pacific/Japan brought in 19% and increased its share 26% year-on-year.

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Symantec's profits were also up, reaching US$182mn in the period, 34% year-on-year growth.

According to the company, the results were mainly driven by enterprise security and backup services. Symantec also highlighted an increase in the customer segment, which represented 31% of total revenues, up 11% from the year-ago quarter.

"As customers grapple with the challenges of rapid information growth and more sophisticated attacks, as well as the major IT trends of virtualization, mobility and cloud computing, the value proposition we offer to help secure and manage their information is more relevant than ever. We continue to see good demand for our products and services across the portfolio," said Symantec CEO Enrique Salem.

The security and compliance segment represented 29% of total revenues, increasing its share 27% year-over-year. The storage and server management segment accounted for 36%, for 9% growth.

The services segment weighed in at 4% of Q3 revenues, decreasing some 16% year-on-year.