| VERITAS Software turns in healthy figures VERITAS Software Corporation has announced its financial results for the quarter ended September 30th, 2003. Revenue for the quarter was a record $451 million, compared to revenue of $366 million for the same period a year ago, representing 23 percent growth year over year.
"Leveraging the revenue upside, we delivered earnings well ahead of expectations and generated approximately $130 million in cash from operating activities, exiting the quarter with $2.3 billion in cash and short-term investments," said Ed Gillis, executive vice president and chief financial officer. "We have clearly strengthened the company during the downturn and expect to deliver record results again in the fourth quarter," said Gary Bloom, chairman, president and CEO. "Our expectations for the quarter ending December 31st, 2003 are for revenues in the range of $480 to $490 million and diluted earnings per share in the range of $0.21 to $0.23 on a GAAP basis."
•Date:
23rd October 2003 •Region: N.America/World
•Type: Article •Topic:
BC markets |
