Symantec scoops record second-quarter profit

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Symantec scoops record second-quarter profit

Security software company Symantec has announced record revenue and earnings figures for its second quarter, citing "numerous threat outbreaks during the quarter".

It recorded revenue of $429m for the quarter and income of $83m, compared with income of $52m and revenue of $325m in the same quarter last year.

Strong growth in Symantec's enterprise security business and an rise in demand for its line of consumer products, such as Norton AntiVirus, fuelled the growth.

Symantec did not break out revenue based on its various businesses in the financial statement, but it said revenue from the enterprise security products business grew 25% over the same quarter last year to account for 41% of its overall revenue.

Revenue from the sale of its consumer products grew by 56% over the same quarter last year to account for 45% of  the company's overall revenue.

Revenue from enterprise services grew by 53% to account for 2% of total revenue.

August was one of the busiest months ever for antivirus software companies. Symantec recorded four major worm outbreaks during the month, including the Blaster and Sobig worms, which infected hundreds of thousands of internet users worldwide and flooded corporate networks with attack traffic.

Paul Roberts writes for IDG News Service


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