COMPANY PRESS RELEASE: Symantec Corp the world leader in Internet security technology, has reported results for the fiscal third quarter 2002, ended Dec. 28, 2001. Symantec posted revenue for the quarter of $290.2 million, as compared to $241.8 million for the same quarter last year.
Net income before one-time charges and the amortization of acquisition-related charges, primarily from the AXENT acquisition, for the fiscal third quarter was $59.4 million, compared to $40.4 million from the same quarter last year. Earnings per share before one-time charges and the amortization of acquisition related charges for the fiscal third quarter was $0.78, compared to earnings per share of $0.52 for the year ago quarter. All figures include historical results of operations from the acquired AXENT Technologies. Including one-time charges and the amortization of goodwill and all other acquisition related expenses, Symantec reported earnings per share at break even ($0.00), compared to a net income per share of $0.21 for the same quarter last year.
During these times of complex threats and heightened awareness for security, the performance of our enterprise business underlines the strength of our technology and the breadth of our product portfolio, said John W. Thompson, Symantec chairman and CEO. In addition, our consumer business performed exceedingly well with a record 5.3 million packaged products shipped during the third quarter, nearly 2 million more than has ever shipped in one quarter.
Symantec’s worldwide enterprise solutions, comprised of both security and enterprise administration products, accounted for 60 percent of total sales. The enterprise security business performed solidly, representing 44 percent of total sales with growth of 44 percent over the same quarter last year. Symantec’s consumer business grew 20 percent over the comparable period last year. International revenues comprised 43 percent of total revenues, led by 21 percent growth in the Europe Middle East Africa region compared to the same quarter last year.