Symantec Nearly Doubles Quarterly Revenue
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Symantec Wednesday said fiscal second-quarter earnings more than doubled over the previous year as the company saw growth across all of its business segments.
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Microsoft posted a record $16.4 billion in revenue during the company's second business quarter, shattering its previous record by $2 billion. The software giant also blew away Wall Street expectations by recording a 92 percent rise in quarterly earnings in comparison with the year-earlier period.
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NetSuite's initial public offering raised nearly double the forecasted amount of money.
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InfoWorld - SAP reported an&#160;8 percent jump in its second-quarter net income on Thursday, helped by a sharp increase in revenue from new software licenses.
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The maker of open-source software said higher revenue from subscriptions for its Linux operating software propelled its results.
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Red Hat&#39;s Enterprise Linux operating-system and software subscription sales soared over the past three months, leading the company to strong revenue growth and profits for its fiscal 2005 second quarter.
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[Johannesburg, 23 September 2004] - Symantec&#39;s sixth biannual report on global trends in Internet attacks, vulnerabilities, and malicious code activity shows SA recorded a 796% annual increase in the number of these attacks, rising from 375 per user last
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First-quarter profit more than doubled on asset sales and income from last yearâs two biggest-selling DVD releases.
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Global server sales rose nearly 8 percent in the second quarter, compared to the same period last year, according to new data from Gartner.
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With strong international sales and growth in its services business, Symantec reported earnings Wednesday that beat analyst expectations.
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The number of cyber attacks on Windows operating system rose by 400pc between January June of this year, computer security company Symantec said today.
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New software licensing revenue growth -- the highest inÂ 10 years for the company -- helped boost Oracle's first-quarter financials.
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Oracle Corp. ORCL.O on Thursday   posted a higher quarterly profit, helped by   stronger-than-expected new software license revenue.
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The hard drive maker on Tuesday raised its quarterly  revenue and profit forecasts for the December quarter on strong  seasonal demand for newer products, surpassing analysts'  forecasts.
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Two years after its&#160;acquisition of enterprise software vendor Veritas, Symantec&#39;s consumer division remains the company&#39;s fastest-growing product line.Consumer business grew by about 10 percent year-over-year and represents about 30 percent of Symantec&#39;s overall business, the company said Wednesday, as it announced financial results for its second quarter of fiscal 2008, ended Sept. 28.Excluding an $87 million write-down of assets, revenue was $1.44 billion for the quarter, up 13 percent from the year-ago period. Quarterly earnings were $0.29 per share. Analysts had been expecting earnings of $0.26 per share on $1.39 billion in revenue, according to estimates compiled by Thomson Financial.Symantec&#39;s consumer business got a boost from the introduction of the much-anticipated Norton 360 software, released in late February.The company&#39;s Windows-based backup products, which include Backup Exec, also posted strong results the company said in a statement .On the enterprise side, the company&#39;s security and data management products, including the Veritas software, grew by 7 percent. These products now account for 30 percent of the company&#39;s revenue.Symantec&#39;s much smaller services business -- totaling 6 percent of revenue -- grew by 30 percent.
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Veritas Software Corp. shares rose as much as 13 percent after the New York Times said Symantec Corp. is in talks to buy the company for more than $13 billion, in what would be the second-biggest deal ever in the software industry.
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Booming sales of server and mobile-computing microprocessors push third-quarter revenue and net income beyond earlier guidance. By Darrell Dunn.