Symantec has reported revenue of $1.43bn for the first quarter ended July 2,2010, up 2% at constant currency revenue compared to $1.432bn for the same period last year.
The company posted a gross profit $1.17bn, an increase of 5% compared to $1.12bn in the same period last year. Operating income was $194m, compared to an operating income of $152m in the same period a year ago.
For the quarter ended July 2, 2010, the company reported a net income of $161m, an increase of 118% compared to a net income of $74m in the same period a year ago.
Enrique Salem, president and chief executive officer of Symantec, said: "This quarter, we saw lengthening of procurement cycles driven by continued cautiousness among IT buyers. In particular, this affected our storage management results.
"We are optimistic about the strength we saw in the public sector as well as with our Data Loss Prevention offerings. In addition, our Software-as-a-Service offerings posted double-digit growth as we continue to expand our leadership in this high-growth market."
For the second quarter of fiscal year 2011, the company expects revenue to be between $1.45bn and $1.47bn, up 1-3% on currency adjusted basis.
