Symantec Profit Rises As It Signs More Big Deals ()
Posted by ynn_foxman 1 August 2008 ·
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Symantec , the largest maker of
computer security and data backup software, reported higher quarterly
profit Wednesday, beating Wall Street expectations, as it signed more
large contracts. It also said it may beat analysts' profit forecasts
for the current quarter, which ends Oct. 3, helping to send its shares
up 4.5 percent. "We have good visibility and a strong pipeline coming
into the quarter," Chief Executive John Thompson said in an interview.
Symantec expects to report
profit excluding items of 34 cents to 36 cents per share in its current
fiscal second quarter. Analysts expect it to report profit of 34 cents,
according to Reuters Estimates. The company's sales are benefiting from
recent changes to the way its sales force approaches business
customers, cross- selling security products with data backup programs
and storage software.
 View: The full story @ CRN
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