Bumper quarter for Symantec

Posted by   Virus Bulletin on   Jul 15, 2004

Profits more than doubled since last year.

Symantec has announced record profits for its fiscal first quarter of 2005. The AV company reported a profit of $131m on sales of $577m - profit having more than doubled since the same quarter last year.

Symantec chiefs said some of the company's success could be attributed to the fact that the appearance of Sasser earlier this year sparked interest in its consumer product. CFO Greg Myers said: "The outbreak of Sasser had a powerful impact on our consumer channel, but enterprise [revenue also] grew by 29 per cent, which is better than our peer group."

Myers expected profits to be affected slightly this quarter by increased spending, which includes a recruitment drive across the company and another bout of acquisitions.

Adding to its reputation as something of a 'shopaholic' among AV vendors, Symantec purchased anti-spam startup TurnTide last month. The AV vendor is reported to have paid $28 million cash for the acquisition of the small firm, which was spun off from privacy protection consultancy ePrivacy Group just six months ago, and sells a router-based email filtering technology. The purchase came just three weeks after Symantec completed its acquisition of anti-spam firm and email filtering company Brightmail.

According to Symantec, TurnTide's technology is intended to become part of a multi-tier anti-spam line-up that will include Brightmail and other Symantec products.

Posted on 15 July 2004 by Virus Bulletin

 Tags

twitter.png
fb.png
linkedin.png
hackernews.png
reddit.png

 

Latest posts:

VBSpam tests to be executed under the AMTSO framework

VB is excited to announce that, starting from the Q3 test, all VBSpam tests of email security products will be executed under the AMTSO framework.

In memoriam: Prof. Ross Anderson

We were very sorry to learn of the passing of Professor Ross Anderson a few days ago.

In memoriam: Dr Alan Solomon

We were very sorry to learn of the passing of industry pioneer Dr Alan Solomon earlier this week.

New paper: Nexus Android banking botnet – compromising C&C panels and dissecting mobile AppInjects

In a new paper, researchers Aditya K Sood and Rohit Bansal provide details of a security vulnerability in the Nexus Android botnet C&C panel that was exploited in order to gather threat intelligence, and present a model of mobile AppInjects.

New paper: Collector-stealer: a Russian origin credential and information extractor

In a new paper, F5 researchers Aditya K Sood and Rohit Chaturvedi present a 360 analysis of Collector-stealer, a Russian-origin credential and information extractor.

We have placed cookies on your device in order to improve the functionality of this site, as outlined in our cookies policy. However, you may delete and block all cookies from this site and your use of the site will be unaffected. By continuing to browse this site, you are agreeing to Virus Bulletin's use of data as outlined in our privacy policy.