Drop in rich license sales hit Symantec
Weaker than expected licenses sales were highlighted as a concern by Symantec as it provided preliminary results for its fourth fiscal quarter.
Weaker than expected licenses sales were highlighted as a concern by Symantec as it provided preliminary results for its fourth fiscal quarter.
The software player suffered a drop in "license rich storage and server management deals" according to Enrique Salem, president and CEO of the vendor who was talking ahead of the full results statement.
The positive activity over the last three months included an increase in enterprise subscription contracts, which offset some of the issues in other parts of the business.
"A greater percentage of enterprise subscription contracts resulted in higher deferred revenue than expected," added Salem. "We experienced weaker than expected license performance due to fewer license rich storage and server management deals in the quarter compared to the year ago period."
Overall the vendor is expecting revenue of $1.68bn, which is down on the guidance it had given of $1.72bn, and almost flat compared to the same period a year ago.
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