Symantec's NZ revenue and profit down

Symantec's NZ revenue and profit down

Security vendor Symantec posted a 17 percent drop in revenue year on year for the fiscal year ended April. The local business’ net profit after tax also fell from $393,000 for the year ended last March to $171,000 for the latest financial year.

The company’s country manager Stuart Preston said it couldn’t comment on country financials, but said the New Zealand IT sector was “looking more optimistic” heading into the new year.

“We believe there is plenty of opportunity in the SMB market and customers are focused on getting the most value out of their software investment.

“Customers want to see a measurable ROI in the short term. They’re not prepared to wait years to recoup their technology investment. Businesses are also looking to multitask and combine technology deployments, for example deploying Windows 7 and updating security at the same time to increase efficiency and improve ROI on their technology investments.”

The company says its Asia Pacific and Japan revenue for the second quarter of the 2010 financial year represented 17 percent of its total revenue and increased 11 percent year on year.

It sees a number of trends impacting on the channel next year.

Chief among these are the move to cloud computing; mobile computing; BYO computing; virtualisation and consolidation.

It also says resellers need to be aware of developments in social media; the evolution of business models from deals-based to service-based; more verticalised solutions such as healthcare; and outsourcing multiple systems and processes and combining key technologies such as security and storage.

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