COMPANY PRESS RELEASE: Symantec Corp a world leader in Internet security technology, has reported results for the fiscal second quarter 2002, ended Sept. 28, 2001. Symantec posted revenue for the quarter of $242.4 million, as compared to $226.4 million for the same quarter last year.
Net income before the amortization of acquisition-related charges for the fiscal second quarter was $42.3 million, compared to $47.9 million from the same quarter last year. Earnings per share before the amortization of acquisition related charges for the fiscal second quarter was $0.56, compared to earnings per share of $0.61 for the year ago quarter. All figures include historical results of operations from the acquired AXENT Technologies. Including the amortization of goodwill and all other acquisition related expenses, Symantec reported a net loss per share of $0.16, compared to a net income per share of $0.61 for the same quarter last year.
The security landscape is changing and the new breed of blended threats we experienced during the quarter raised the awareness of individuals and enterprises of the need for comprehensive security solutions, said John W. Thompson, Symantec chairman, president and CEO. We are pleased with our fast, comprehensive response to these threats and the trust our customers have placed in us.
Symantec’s worldwide enterprise solutions, comprised of both security and enterprise administration products, accounted for 68 percent of total sales compared to 64 percent in the same quarter last year. The enterprise security business performed solidly, representing 46 percent of total sales with growth of 29 percent over the same quarter last year. International revenues comprised 40 percent of total revenues, led by 22 percent growth in the Asia Pacific region compared to the same quarter last year.