The filing was delayed while Veritas restated its figures for 2001 and 2003, which it acknowledged were not in compliance with GAAP standards, and revised its figures for 2003.
For the quarter ending March 31, 2004, revenue was adjusted $1m to $486m, while net income was cut by $3m to $100m. For the year ended December 31, 2003, revenue was adjusted down by $24m to $1.75bn. Net income for the year was adjusted up by $73m to $347m. If it was not for a $95m tax settlement, net income would have been adjusted down by $22m.
For the year ended December 31, 2002, the company shaved $1m from revenue, and added $1m to net income. For the year ended December 31, 2001, revenue was adjusted down by $3m, and the net loss reduced by $6m.
