Symantec CFO Reiterates Guidance at Goldman Sachs Conference
CUPERTINO, Calif. - November 7, 2001- Symantec Corp. (Nasdaq: SYMC), the world leader in Internet security, today announced that Greg Myers, senior vice president of operations and finance and chief financial officer, will reiterate guidance for Symantec's fiscal third quarter and fiscal 2002 revenue and earnings at a presentation he is scheduled to give today at the Goldman Sachs & Co. Software Retreat.
For the fiscal third quarter, which ends Dec. 31, 2001, Symantec expects revenues in the range of $260 to $270 million with earnings per share in the range of $0.60 to $0.70. For fiscal year 2002, which ends March 29, 2002, Symantec expects revenue to be approximately $1.02 billion with earnings per share at around $2.30. All figures exclude the amortization of acquisition-related charges.
Symantec, a world leader in Internet security technology, provides a broad range of content and network security software and appliance solutions to individuals, enterprises and service providers. The company is a leading provider of virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services to enterprises and service providers around the world. Symantec's Norton brand of consumer security products is a leader in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 37 countries. For more information, please visit www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.
Symantec, the Symantec logo, AXENT, AXENT Technologies, and the AXENT logo are trademarks or registered trademarks, in the United States and certain other countries, of Symantec Corporation or its subsidiaries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including statements regarding anticipated activities and results, that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the risks that current global adverse economic conditions and reduced spending will continue or worsen; currency exchange fluctuations will adversely affect our results; the continuing integration of Symantec and AXENT will not be successful; the difficulty of developing and marketing products that compete effectively with others; new security threats and other economic, business, competitive and/or regulatory factors affecting Symantec's business generally. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of the Company's previously filed Form 10-K for the year ending March 30, 2001 and the Form 10-Q for the quarter ended June 30, 2001.
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