Symantec — the folks behind Norton Internet Security, Norton SystemWorks, Norton Utilities, Norton Anti-Virus, and other products — reported a strong second fiscal quarter 2002, though it tallied a slight net loss per share.
For the financial period ending Sept. 28, 2001,
posted revenue of US$242.4 million, compared to $226.4 million for the same quarter last year.
In a financial statement, the company reported that net income before the amortization of acquisition-related charges for the fiscal second quarter was $42.3 million, compared to $47.9 million from the same quarter last year. Earnings per share before the amortization of acquisition related charges for the fiscal second quarter was $0.56, compared to earnings per share of $0.61 for the year ago quarter.
All figures include “historical results of operations from the acquired AXENT Technologies. Including the amortization of goodwill and all other acquisition related expenses.” With that figured in, Symantec reported a net loss per share of $0.16, compared to a net income per share of $0.61 for the same quarter last year.
Symantec said that during the quarter its total antivirus product sales increased 46 percent, compared to the year ago quarter, nearly double the industry growth rate. Sales of the company’s intrusion detection solutions increased 43 percent from the same quarter a year ago, with sequential growth of 25 percent. Vulnerability management solution grew 53 percent sequentially.