Symantec narrowly beat analysts estimates for the third quarter ending 1 January, 1999, with revenue of $165 million.
Net income for the quarter before one time charges was $23 million, compared to $21.8 million in the third quarter last year.
After the $7.6 million charges related to the company?s October acquisition of Quarterdeck, net income was $16.2 million. Earnings per share were $0.42 up from $0.37 in the third quarter of 1998.
International revenue for the quarter accounted for 40 per cent of the total. Revenue from Europe, Middle East and Africa accounted for 28 per cent of total company revenue in the third quarter, an increase of 37 per cent over the same quarter a year ago.
Gordon Eubank, Symantec president and chief executive, commented: ?The company is very pleased to report these results to our shareholders. We had solid sales increases in both the retail and corporate sectors, with substantial growth coming from Europe."
"These increases, along with our success transitioning IBM and competitors customers to Norton Antivirus, all contributed to this record quarter,? he added.
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