Symantec’s EMEA sales in slowdown
SECURITY VENDOR Symantec said that sales in the Europe, Middle East and Africa region had lagged behind other areas for the second quarter of its fiscal 2007 year.
Revenue for the region rose by 8% — compared to total international revenue growth of 10%, prompting the firm’s chief financial officer James Beer to tell the Reuters news service that “it’s going to take us a little bit of time to get back to where we’d like to be”.
The company’s revenue overall for the quarter was US$1.262 billion with its consumer business representing 31% of total revenue after growing 12% yearon- year. Its enterprise segment represented 69% of total revenue and grew by 5% compared to the same period last year.
The EMEA region represented 31% of total revenue for the quarter, the Americas represented 55% and Asia Pacific and Japan 14%.
Net income for the quarter was US$123.4million compared with a net loss of US$251.3million a year earlier, when it had costs from acquiring the storage vendor Veritas Software for US$13.5 billion.
Symantec’s chairman and CEO John Thompson said the results “met the low end” of the firm’s expectations. Symantec’s Middle East operation was unavailable for comment.