{"id":26813,"date":"2013-01-24T15:28:40","date_gmt":"2013-01-24T05:28:40","guid":{"rendered":"http:\/\/power-up.space\/?p=26813"},"modified":"2013-01-24T15:28:40","modified_gmt":"2013-01-24T05:28:40","slug":"symantec-delivers-record-revenue-in-fiscal-third-quarter-2013","status":"publish","type":"post","link":"https:\/\/www.impulsegamer.com\/wordpress\/?p=26813","title":{"rendered":"Symantec Delivers Record Revenue in Fiscal Third Quarter 2013"},"content":{"rendered":"<p><b>SYDNEY, Australia. \u2013 January 24, 2013<\/b> \u2013 Symantec Corp. (Nasdaq: SYMC) today reported the results of its third quarter of fiscal year 2013, ended Dec. 28, 2012. GAAP revenue for the fiscal third quarter was $1.79 billion, up 4 percent year-over-year and up 5 percent after adjusting for currency.<\/p>\n<p>\u201cWe continue to deliver better than expected results,\u201d said Steve Bennett, president and chief executive officer, Symantec. \u201cI\u2019m so proud of our employees. These types of results don\u2019t happen by accident. The fact that we can deliver these results in a period of significant transition and uncertainty is a testament to our employees, the strength of our brand, the quality of our products and the scope of our customer base.\u201d<\/p>\n<p>\u201cStrength in EMEA, information management and license revenue drove our FX adjusted organic revenue growth of 4%,\u201d said James Beer, executive vice president and chief financial officer, Symantec. \u201cOur better than expected top line growth coupled with disciplined expense management drove non-GAAP operating margins of 25.6% even as we are investing in certain areas to better serve our customer needs.\u201d<\/p>\n<p><b>GAAP Results for third quarter of fiscal year 2013<\/b><\/p>\n<ul>\n<li>GAAP \u00a0\u00a0\u00a0\u00a0 operating margin was 16.6 percent compared with 17.5 percent for the same \u00a0\u00a0\u00a0\u00a0 quarter last year, down 90 basis points year-over-year.<\/li>\n<li>GAAP \u00a0\u00a0\u00a0\u00a0 net income was $212 million compared with net income of $240 million for \u00a0\u00a0\u00a0\u00a0 the year-ago period, down 12 percent year-over-year.<\/li>\n<li>GAAP \u00a0\u00a0\u00a0\u00a0 diluted earnings per share were $0.30 compared with $0.32 for the year ago \u00a0\u00a0\u00a0\u00a0 quarter, down 6 percent year-over-year.<\/li>\n<li>GAAP \u00a0\u00a0\u00a0\u00a0 deferred revenue was $3.806 billion compared with $3.665 billion for the \u00a0\u00a0\u00a0\u00a0 year ago quarter, up 4 percent year-over-year on an actual and \u00a0\u00a0\u00a0\u00a0 currency-adjusted basis.<\/li>\n<li>Cash \u00a0\u00a0\u00a0\u00a0 flow from operating activities was $463 million compared with $403 million \u00a0\u00a0\u00a0\u00a0 for the year ago period, up 15 percent year-over-year.<\/li>\n<li>Symantec \u00a0\u00a0\u00a0\u00a0 ended the quarter with cash, cash equivalents and short-term investments \u00a0\u00a0\u00a0\u00a0 of $4.25 billion. During the quarter, Symantec repurchased 11 million \u00a0\u00a0\u00a0\u00a0 shares for $200 million at an average price of $17.94. Symantec has $283 \u00a0\u00a0\u00a0\u00a0 million remaining in the current board authorised stock repurchase plan.<\/li>\n<\/ul>\n<p><b>Non-GAAP Results for third quarter of fiscal year 2013<\/b><\/p>\n<ul>\n<li>Non-GAAP \u00a0\u00a0\u00a0\u00a0 operating margin was 25.6 percent compared with 26.2 percent for the same \u00a0\u00a0\u00a0\u00a0 quarter last year, down 60 basis points year-over-year and down 80 basis \u00a0\u00a0\u00a0\u00a0 points after adjusting for currency, due to increased investment in \u00a0\u00a0\u00a0\u00a0 certain areas to better serve our customer needs.<\/li>\n<li>Non-GAAP \u00a0\u00a0\u00a0\u00a0 net income was $313 million compared to $314 million for the same quarter \u00a0\u00a0\u00a0\u00a0 last year.<\/li>\n<li>Non-GAAP \u00a0\u00a0\u00a0\u00a0 diluted earnings per share were $0.45 compared with earnings per share of \u00a0\u00a0\u00a0\u00a0 $0.42 for the year-ago quarter, up 7 percent year-over-year.<\/li>\n<\/ul>\n<p><b>Business Segment Highlights for the Quarter<\/b><\/p>\n<ul>\n<li>The \u00a0\u00a0\u00a0\u00a0 Consumer segment represented 30 percent of total revenue and increased 1 \u00a0\u00a0\u00a0\u00a0 percent year-over-year (increased 2 percent after adjusting for currency).<\/li>\n<li>The \u00a0\u00a0\u00a0\u00a0 Security and Compliance segment represented 29 percent of total revenue \u00a0\u00a0\u00a0\u00a0 and increased 3 percent year-over-year (increased 4 percent after \u00a0\u00a0\u00a0\u00a0 adjusting for currency).<\/li>\n<li>The \u00a0\u00a0\u00a0\u00a0 Storage and Server Management segment represented 37 percent of total \u00a0\u00a0\u00a0\u00a0 revenue and increased 8 percent year-over-year (increased 9 percent after \u00a0\u00a0\u00a0\u00a0 adjusting for currency).<\/li>\n<li>Services \u00a0\u00a0\u00a0\u00a0 represented 4 percent of total revenue and increased 10 percent \u00a0\u00a0\u00a0\u00a0 year-over-year (increased 9 percent after adjusting for currency).<\/li>\n<\/ul>\n<p><b><br \/>\nGeographic Highlights for the Quarter<\/b><\/p>\n<ul>\n<li>International \u00a0\u00a0\u00a0\u00a0 revenue represented 52 percent of total revenue and increased 6 percent \u00a0\u00a0\u00a0\u00a0 year-over-year (increased 8 percent after adjusting for currency).<\/li>\n<li>The \u00a0\u00a0\u00a0\u00a0 Europe, Middle East and Africa region represented 28 percent of total \u00a0\u00a0\u00a0\u00a0 revenue and increased 6 percent year-over-year (increased 10 percent after \u00a0\u00a0\u00a0\u00a0 adjusting for currency).<\/li>\n<li>Asia \u00a0\u00a0\u00a0\u00a0 Pacific\/Japan revenue represented 19 percent of total revenue and \u00a0\u00a0\u00a0\u00a0 increased 7 percent year-over-year (increased 6 percent after adjusting \u00a0\u00a0\u00a0\u00a0 for currency).<\/li>\n<li>The \u00a0\u00a0\u00a0\u00a0 Americas, including the United States, Latin America and Canada, \u00a0\u00a0\u00a0\u00a0 represented 53 percent of total revenue and increased 3 percent \u00a0\u00a0\u00a0\u00a0 year-over-year on an actual and currency-adjusted basis.<\/li>\n<\/ul>\n<p><b>Webcast<\/b><br \/>\nSymantec ran a Webcast from 4:30 p.m. ET\/1:30 p.m. PT to 6:30 p.m. ET\/3:30 p.m. PT (8:30 a.m. to 10:30 a.am. AEST) today to discuss the Company\u2019s strategic direction, operational plan, capital allocation strategy and financial results, including guidance. To view the corresponding presentation, please go to <a href=\"http:\/\/investor.symantec.com\/phoenix.zhtml?c=89422&amp;p=irol-irhomeNews\" target=\"_blank\">http:\/\/www.symantec.com\/invest <\/a>. A replay of the webcast including presentation will be available within 24 hours after the event.<\/p>\n<p><b>About Symantec <\/b><br \/>\nSymantec protects the world\u2019s information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment \u2013 from the smallest mobile device, to the enterprise data centre, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at <a href=\"http:\/\/www.symantec.com\/en\/au\/index.jsp\" target=\"_blank\">www.symantec.com<\/a> or by connecting with Symantec at: <a href=\"http:\/\/www.symantec.com\/social-media\" target=\"_blank\">go.symantec.com\/socialmedia<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY, Australia. \u2013 January 24, 2013 \u2013 Symantec Corp. (Nasdaq: SYMC) today reported the results of its third quarter of fiscal year 2013, ended Dec. 28, 2012. GAAP revenue for the fiscal third quarter was $1.79 billion, up 4 percent year-over-year and up 5 percent after adjusting for currency. \u201cWe continue to deliver better than<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/www.impulsegamer.com\/wordpress\/?p=26813\">Read More\u2026<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,29],"tags":[],"class_list":["post-26813","post","type-post","status-publish","format-standard","hentry","category-tech-news","category-trailers-news"],"_links":{"self":[{"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/26813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26813"}],"version-history":[{"count":2,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/26813\/revisions"}],"predecessor-version":[{"id":26817,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/26813\/revisions\/26817"}],"wp:attachment":[{"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.impulsegamer.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}