Symantec 2007 Annual Report Download - page 49

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Net revenues by geographic region
2007 2006 2005
Year Ended March 31,
($ in thousands)
North America (U.S. and Canada) .................. $2,736,558
*
$2,185,945
**
$1,334,707
***
Percentage of total net revenues .................... 53% 53% 52%
Period over period increase ....................... $ 550,613 $ 851,238
25% 64%
EMEA (Europe, Middle East, and Africa) ............. $1,644,177 $1,321,968 $ 842,189
Percentage of total net revenues .................... 31% 32% 33%
Period over period increase ....................... $ 322,209 $ 479,779
24% 57%
Asia Pacific/Japan .............................. $ 714,617 $ 563,487 $ 360,342
Percentage of total net revenues .................... 14% 13% 14%
Period over period increase ....................... $ 151,130 $ 203,145
27% 56%
Latin America ................................. $ 104,014 $ 71,992 $ 45,611
Percentage of total net revenues .................... 2% 2% 2%
Period over period increase ....................... $ 32,022 $ 26,381
44% 58%
Total net revenues .............................. $5,199,366 $4,143,392 $2,582,849
*
North America includes net revenues from the United States of $2.6 billion and Canada of $176 million during
fiscal 2007.
**
North America includes net revenues from the United States of $2.0 billion and Canada of $140 million during
fiscal 2006.
***
North America includes net revenues from the United States of $1.2 billion and Canada of $99 million during
fiscal 2005.
International revenues increased in fiscal 2007 as compared to fiscal 2006 primarily due to the inclusion of the
storage and availability products and services obtained through our acquisition of Veritas for the full twelve months
in the 2007 period compared to nine months in the 2006 period. These products and services contributed
$240 million of international revenues in the June 2006 quarter for which there was no comparable revenue in
the June 2005 quarter. In North America, these products contributed $277 million in the June 2006 quarter for which
there was no comparable revenue in the June 2005 quarter. In addition, a portion of the revenue increase in fiscal
2007 is due to the fact that the amount of revenue recognized in the comparable 2006 period was lower as a result of
the purchase accounting adjustment discussed under “Total Net Revenues” above. The purchase accounting
adjustment increased fiscal 2007 revenues by $186 million in North America and $85 million in the international
regions compared to fiscal 2006. Growth in our Consumer Products segment, driven by Norton Internet Security,
resulted in a $137 million increase in the international regions and a $44 million increase in North America in fiscal
2007 revenues versus fiscal 2006. Both domestic and international revenue from enterprise offerings were
negatively impacted primarily due to the increased flexibility in our contract terms and the combination of our
buying programs. These changes resulted in a larger portion of contracts being subject to deferral and a
correspondingly lower amount of revenue recognized in the current period, as discussed in “Total Net Revenues”
above. Foreign currencies had a favorable impact on net revenues of $105 million in fiscal 2007 compared to fiscal
2006.
International revenues increased in fiscal 2006 as compared to fiscal 2005 primarily due to the inclusion of the
storage and availability products and services obtained through our acquisition of Veritas. These product and
services contributed $661 million of international revenues for which there was no comparable revenue in fiscal
2005. Increased sales of our Norton Internet Security products in our Consumer Products segment and our antivirus
43