Driving Growth with a Relentless Focus on Information Protection
One of about the things I enjoy most in my role is the opportunity to engage with our customers about the challenges they're facing on a daily basis. Over the past few months they have raised a number of issues that mirror what we are seeing on a macro level. While trends like cloud, virtualization and mobility offer great promise, companies around the world are struggling with the new challenges they present.
And all too often, companies are afraid to take advantage of opportunities in front of them. The same innovations that offer such promise also create risk and complexity.
That's why protection is such a powerful thing. It gives you the confidence to be bold and take calculated risks. And that confidence is important in a world that is radically changing for companies today.
To enable our customers to take advantages of the opportunities brought on by things like big data and virtualization, we are helping them rethink protection in three key areas: security infrastructure, endpoint and the datacenter. Our strategy to protect information from the datacenter to the device to the cloud is resonating with our customers who are looking for protection in today's mobile, information-intensive world.
Our results last quarter reflect our customers' continued confidence in Symantec's ability to protect and give them the confidence to take on new opportunities. Let's talk about a few areas of strength from last quarter and how they map to challenges our customers are facing.
Exponential data growth, virtualization challenges and a 24/7 work environment are putting extreme pressure on our customers to reduce cost and complexity, while improving the efficiency of their IT infrastructures. Our investment in innovations that enable our solutions to protect big data, virtualization and today’s on-demand workplace is paying off.
Growth in our backup business was driven by our unique ability to provide integrated deduplication, backup and virtualization solutions in multiple form factors – appliances, cloud services and traditional software.
The same goal of reducing complexity also helped fuel growth in our Storage and Availability Management business, driven primarily by the successful release of SFHA 6.0. Our customers’ desire for centralized management across physical and virtual platforms was again a major driver of this success.
Organizations of all sizes, including our own, are dealing with a threat landscape that has become increasingly toxic. Our enterprise security business delivered strong growth as we continued to extend our leadership position. Symantec Endpoint Protection 12 is already installed on more than three million endpoints. For the second year in a row, Symantec received the highest rating in both Completeness of Vision and Ability to Execute in the recent Gartner Magic Quadrant for Endpoint Protection Platforms.
In addition, Symantec’s market-leading Data Loss Prevention solution continued to outpace the competition last quarter, with double-digit growth driven by organizations needing to safeguard their intellectual property and prevent data loss.
Endpoint and Mobility
There is no denying the rising consumerization of IT in the enterprise. According to IDC, 40 percent of devices used for business are personally owned. That's up 10 percent from last year and appears to be on the rise. To help our customers embrace this trend with confidence, we continue to add new capabilities to our mobile device management solutions to secure and manage smartphones, tablets and other mobile devices. We also launched new services that help enterprises evaluate their mobile security needs and defend against mobile threats.
Taking all of this into consideration, it’s clear that we are witnessing a rapid change in terms of our customers’ needs. Symantec continues to listen to our customers' challenges and deliver solutions to address them.