Symantec 2007 Annual Report Download - page 4

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Non-GAAP revenue
1
grew 5 percent to more than $5.25 billion, generating non-GAAP
earnings per share
1
of $1.01. Non-GAAP deferred revenue
1
grew 19 percent to nearly
$2.8 billion and we generated cash flow from operating activities of approximately
$1.7 billion.
During the year, we took action to optimize our capital structure and increase our financial
flexibility, with the issuance of $2.1 billion in convertible notes. Furthermore, we
demonstrated our commitment to create shareholder value by repurchasing a total of
$2.8 billion of our common stock.
CONFIDENCE IN A CONNECTED WORLD
Symantec celebrates its25
th
anniversary this year. Looking ahead to the next 25 years,
none of us can accurately predict what the IT industry will look like or how much more it
will revolutionize our businesses or our lives. To seize the opportunities that lie ahead,
people need confidence in the connected world. That’s why Symantec will continue to
innovate to help large enterprises and governments manage cost, complexity, and
compliance within their IT infrastructures, as well as continue to focus on securing the
digital lifestyles of consumers around the world.
At Symantec, we are dedicated to delivering technologies and services that help our
customers minimize IT risk, maximize IT performance, and create the opportunities for
them to innovate and grow in ways they never even imagined. We believe that people
should be able to work and play freely in the connected world. And to make that happen,
one thing is essential: confidence.
Businesses need to be confident that they have the software and systems in place to
keep data secure, to make information available when and where it’s needed, and to be
able to get the most out of their investments in IT. Consumers also need to be confident
that the information they are providing online, the interactions they are having, and the
various devices they are using to do both are secure and reliable.
Earlier this year we launched Norton 360
TM
, an all-in-one security service. The Norton
360 product combines Symantec’s proven, industry-leading technologies for antivirus,
anti-spyware, firewall, intrusion protection, anti-phishing, backup, and tuneup, elimi-
nating the need to purchase and manage multiple products. This innovative product is
getting very positive feedback from industry thought leaders, having received the
prestigious Editor’s Choice awards from both CNET and PC Magazine.
WELL POSITIONED FOR FISCAL 2008
We believe we have entered fiscal year 2008 with the most difficult part of our trans-
formation behind us and more importantly, we are much better positioned to deliver our
market-leading security and availability products to our customers and partners around
2
1
Non-GAAP results are reconciled to GAAP results on the inside front cover.