Symantec has posted its best ever third-quarter results, reporting a 15 per cent year-over-year rise in revenues to $1.65bn after strong performance from its backup, data loss prevention and managed security operations.
Chief executive Enrique Salem said that the revenues were due in large part to growth in key areas of the company's business.
"We see an incredible demand for the work we are doing in appliances," he said during an earnings call.
"We are obviously going to leverage our very big install base in backup and take those appliances aggressively to market."
Symantec's security and compliance business saw revenues increase by 31 per cent on the year, accounting for 28 per cent of total revenue. Storage and server management was up 14 per cent on the year, claiming a 36 per cent revenue share.
The company also logged strong performances in its line of consumer products, which saw revenues jump by 11 per cent over the same period last year to represent 32 per cent of total revenues.
Salem told analysts that Symantec is not worried about increased competition from rivals such as McAfee, which was recently cited as a strong performer by parent company Intel.
"They are integrating what was a focused security company into a semiconductor company with a much larger portfolio," Salem said of McAfee. "That is a benefit to our security business that will continue for some time."
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