Symantec sees sales slide on weak business demand - PC Retail

Symantec sees sales slide on weak business demand

SME revenues down 14 per cent ? consumer and back up sales also down by one and four per cent
Author:
Publish date:
3_James_Beer.jpg

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.

Related