Symantec Closes Fiscal Year 2004 with Record Revenue and Earnings Growth; Raises Fiscal Year 2005 Guidance.

Business Editors/High-Tech Writers

CUPERTINO, Calif.--(BUSINESS WIRE)--April 28, 2004

Symantec Corp. (Nasdaq:SYMC), the global leader in information security, today reported results for the fiscal fourth quarter and the fiscal year ended April 2, 2004. Symantec posted revenue for the quarter of $556 million, a 43 percent increase compared to $390 million for the same quarter last year. Revenue for fiscal year 2004 was $1.870 billion, a 33 percent increase compared to $1.407 billion for fiscal year 2003.

GAAP Results: Net income for the fiscal fourth quarter was $117 million, compared to $68 million for the same quarter last year. Earnings per share was $0.33, compared to earnings per share of $0.21 for the same quarter last year. For fiscal year 2004, Symantec reported net income of $371 million, compared to net income of $248 million for fiscal year 2003. Earnings per share was $1.07, compared to earnings per share of $0.77 for fiscal year 2003. ...

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