Symantec 2012 Annual Report Download - page 5

our integrated backup appliances, allowing customers to address both their backup hardware
and software needs all from a single trusted vendor. To further extend our intelligent
information management businesses, we acquired Clearwell and LiveOffice during fiscal 2012,
thereby adding integrated eDiscovery and cloud-based archiving capabilities.
Our storage and availability management business helps organizations accelerate the
utilization of virtualization and cloud adoption while reducing storage costs. This business
declined 6% in constant currency to $780 million as the market continues to transition away
from the Solaris and UNIX platforms. We are focused on the growing Linux and Windows
environments and managing this business for maximum cash generation and profitability. In
addition, we launched several solutions co-developed with VMware as enterprises increasingly
virtualize their server environments.
CORPORATE RESPONSIBILITY
Our emphasis on creating long-term value is enhanced by our corporate responsibility
efforts, which present strategic opportunities to be more efficient with our resources and more
effective in accomplishing our company’s mission. While we still continue to address
challenges, we are pleased with our progress in fiscal 2012 in three main areas: 1) developing a
diverse work force including more participation of women; 2) investing nearly $24 million in
software and cash to promote philanthropic initiatives relevant to our strategic priorities; and
3) launching the Norton Cyber Security Institute, a global effort to support victims of
cybercrime. More information about these and our many related initiatives are available on our
corporate responsibility site at www.symantec.com/corporate_responsibility.
THE REVOLUTION THAT LIES AHEAD
Our first objective is to fully vet and create a strategy to drive at least mid-single digit
organic revenue growth and margin expansion on a sustained basis by leveraging our valuable
assets. We will use a process developed during my 23 years at GE and applied, expanded, and
refined in my eight years as CEO of Intuit. We will implement this blueprint as we manage
Symantec and expect it will produce improved performance on a sustained basis. Our senior
leadership team is excited and energized about the opportunity as we enter Symantec 4.0 and
look forward to future discussions about our progress.
I want to thank our employees for their hard work and for such a warm welcome. I’m
encouraged by their passion to help make Symantec the best company it can be. I would also
like to thank our customers, partners, and shareholders for their continued support. I’m excited
by our opportunities to accelerate performance and look forward to the work ahead.
Regards,
Steve Bennett
Chairman of the Board, President and Chief Executive Officer
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