Symantec Awarded 50,000 Unit Contract by H&R Block
Cupertino, Calif. --February 11, 1998-- Symantec Corporation (NASDAQ: SYMC) today announced that H&R Block Inc. has selected Symantec's award-winning Norton Utilities for its corporate anti-virus and support solution.
"Because we must generate most of our fiscal year revenue in just the first 105 days of the year, downtime during that period directly impacts our bottom line," said Jim Rose, chief information officer for H&R Block. "After searching for an anti-virus solution to protect the 100,000 computers we use to prepare tax returns and carefully evaluating several competitors' products, we determined that the protection offered by Norton AntiVirus, Norton Utilities and pcANYWHERE was the best buy for our money."
"Symantec has long been a leader in providing our customers with superior virus detection and removal technology, as well as easy, flexible administration," said Enrique Salem, vice president of Symantec's Security and Assistance Business Unit. "As a result, we are consistently able to offer corporations such as H&R Block the business solutions they require."
H&R Block served more than 18 million taxpayers in nearly 10,000 offices in the United States, Canada and Australia in 1997. It handled approximately one in every seven returns and 51 percent of all electronic returns filed with the Internet Revenue Service last tax season.
About H&R Block
Founded in 1955, H&R Block, Inc. (NYSE: HRB) is a diversified company offering tax, financial, and information services. H&R Block also develops and provides Kiplinger TaxCut® software for personal computers. In addition, the company offers mortgage loans through its own retail operations and through a network of 5,000 mortgage brokers nationwide. Quarterly results and other information regarding H&R Block are available on the company's Web page at www.hrblock.com.
Symantec Corporation helps make users productive and keep their computers safe and reliable anywhere and anytime. Symantec offers a broad range of solutions and is acclaimed as a leader in both customer satisfaction and product brand recognition. The company is focused on addressing customer needs in three main application areas: the Norton product line of anti-virus and PC-assistance products; the pcANYWHERE, WinFax and ACT! product lines that cater to remote user productivity; and the Cafe product lines in Internet development tools.
Founded in 1982, the company's global operations span North America, Europe, Japan and several fast growing markets throughout Asia Pacific and Latin America. Traded on Nasdaq under the symbol SYMC, Symantec Corporation is based in Cupertino, California and employs more than 2,000 people. Information on the company and its products can be obtained by calling (800) 441-7234 toll free, (541) 334-6054 or accessed on the World Wide Web at http://www.symantec.com.
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