A fall in small business sales has seen Symantec's sales for the fourth quarter take a hit of four per cent, with its revenues falling to $1.49bn (£1bn).
Sales of security software in its small business division fell by 14 per cent during the quarter, which ended April 3rd, with the firm's chief financial officer, James Beer (pictured) telling Reuters that the group's sales were hit by the decline in demand from SMBs.
Consumer sales were down one per cent, while back up sales were down four per cent. Beer added that he expects consumer demand to stay fair steady.
The group recently relaunched its small business suite – see this month's PCR – but Beer warned that it would take some time for it to have an effect on the company's sales.
However, there was positive news for the vendor, with its services division – which accounts for nine per cent of the company's revenues – up 27 per cent.
Advertisement
Related Stories
- Over half of UK companies infected by malware Feb 13th 2012 at 11:57AM
- 'Hackers attempted to extort money' reveals Symantec Feb 8th 2012 at 2:51PM
- Google describes 'Bouncer' Android anti-malware system Feb 3rd 2012 at 6:41AM
- Apple OS X updates released Feb 2nd 2012 at 5:44AM
- Symantec tells users to disable PCAnywhere Jan 27th 2012 at 7:10AM
- Russian gang expose shuts down Facebook virus Koobface Jan 19th 2012 at 4:38AM
- 'Lilupophilupop' SQL hack tops one million infected sites Jan 6th 2012 at 5:01AM
- Dozens of Android apps pulled over premium SMS scam Dec 14th 2011 at 9:51PM
- Sophos USB drive buy results in investigation Dec 13th 2011 at 6:08AM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!