Symantec 2009 Annual Report Download - page 99

Download and view the complete annual report

Please find page 99 of the 2009 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 167

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167

our Altiris acquisition for which there is no comparable revenue in the prior period. In addition, Services revenue
increased due to increased demand for our Business Critical Services.
The operating loss for the Services segment decreased for the fiscal 2009, as revenue growth exceeded expense
growth for the segment. Our focus on margin improvement contributed to the decrease in operating loss.
Operating loss for this segment decreased for fiscal 2008 as compared to fiscal 2007, as the increase in
revenues more than offset the increase in expenses. Total expenses from our Services segment increased $80 million
in fiscal 2008 as compared to fiscal 2007. The increase is primarily a result of higher salary and wages to support the
increase in revenue and includes the impact of the fiscal 2008 Altiris acquisition.
Other segment
Fiscal
2009 $ %
Fiscal
2008 $ %
Fiscal
2007
2009 vs. 2008 2008 vs. 2007
($ in thousands)
Other revenues . . . . . . . . . . . . . . $ 1,388 $ (547) (28)% $ 1,935 $ 1,813 * $ 122
Percentage of total net revenues . . 0% 0% 0%
Other operating loss . . . . . . . . . . . $(8,962,788) $(7,512,126) * $(1,450,662) $(79,074) 6% $(1,371,588)
Revenue from our Other segment is comprised primarily of sunset products and products nearing the end of
their life cycle. Our Other segment also includes general and administrative expenses; amortization of acquired
product rights, intangible assets, and other assets; goodwill impairment charges; charges such as stock-based
compensation and restructuring; and certain indirect costs that are not charged to the other operating segments. The
operating loss of our Other segment for fiscal 2009 primarily consists of the $7.4 billion charge related to
impairment of goodwill that was recorded during fiscal 2009.
Revenues from the Other segment for fiscal 2008 compared to fiscal 2007 were immaterial.
Net revenues by geographic region
Fiscal
2009 $ %
Fiscal
2008 $ %
Fiscal
2007
2009 vs. 2008 2008 vs. 2007
($ in thousands)
Americas (U.S., Canada and Latin
America) . . . .............. $3,316,132
(1)
$220,639 7% $3,095,493
(2)
$254,921 9% $2,840,572
(3)
Percentage of total net revenues . . . 54% 53% 55%
EMEA (Europe, Middle East,
Africa) ................... $1,957,889 $ (5,430) 0% $1,963,319 $319,142 19% $ 1,644,177
Percentage of total net revenues . . . 32% 33% 32%
Asia Pacific/Japan............. $ 875,833 $ 60,226 7% $ 815,607 $100,990 14% $ 714,617
Percentage of total net revenues . . . 14% 14% 14%
Total net revenues............. $6,149,854 $5,874,419 $ 5,199,366
(1)
Americas includes net revenues from the United States of $3.0 billion, Canada of $176 million, and
Latin America of $115 million during fiscal 2009.
(2)
Americas includes net revenues from the United States of $2.8 billion, Canada of $171 million, and
Latin America of $110 million during fiscal 2008.
(3)
Americas includes net revenues from the United States of $2.6 billion, Canada of $176 million, and
Latin America of $104 million during fiscal 2007.
Americas revenues increased for fiscal 2009 as compared to fiscal 2008 primarily due to increased revenues
related to our Storage and Server Management and Services segments. In addition, for fiscal 2009 as compared to
fiscal 2008, Americas revenues related to our Consumer segment increased driven by demand for our Consumer
segment products suites.
39