By Will Sturgeon, 17 January 2002 11:45
NEWS Symantec has profited from the growing fears surrounding the security of the internet and 2001's proliferation of viruses to beat analysts' expectations with its third quarter results. Symantec reported revenues of $290.2m, for the quarter ending 28 December 2001 - up from $241.8m for the same quarter last year. Profit was $59.4m - or 78 cents per share - before one-time charges, compared to $40.4m (or 52 cents per share) from the same quarter last year. However, including one time charges the company just breaks even, due to the purchase of Axent Technologies. Symantec has also announced a two-for-one stock split which will take place on 31 January. Symantec shares closed at $66.95 last night - down $3.45.
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