EMEA flat for Symantec

The EMEA market produced a flat performance for Symantec as the security specialist showed it is not immune to the economic conditions that are undermining confidence across the continent. The vendor also reported a decline in its services business for its third fiscal quarter, decreasing 13% year


The EMEA market produced a flat performance for Symantec as the security specialist showed it is not immune to the economic conditions that are undermining confidence across the continent.

The vendor also reported a decline in its services business for its third fiscal quarter, decreasing 13% year on year, although that decline was offset by growth in its compliance, consumer and storage and server management units.

For the three months ended 30 December the vendor's GAAP revenue increased by 7% to $1.7bn and net income increased by 82% to $240m.

Enrique Salem, president and CEO at Symantec, said that the overall market conditions played to its strengths.

"With unprecedented information growth and the increasingly toxic threat landscape, customers understand the value of our portfolio," he said.

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