Veritas Software beats estimates
The storage specialist easily tops analysts' estimates in its fourth quarter, raking in $83.9 million, or 19 cents a share.
Storage specialist Veritas Software easily topped analysts' estimates in its fourth quarter Wednesday, raking in $83.9 million, or 19 cents a share, on sales of $370.1 million.
Analysts polled by First Call expected the data storage software developer to earn 17 cents a share on sales of $344.8 million.
  How Veritas dodged the tech slowdown
Gary Bloom, CEO, Veritas |
Veritas shares closed regular trading off 94 cents to $104.06 ahead of the earnings report.
The $370.1 million in sales represents a 64 percent improvement from the year-ago quarter, when it earned $50.7 million, or 12 cents a share, on sales of $226.2 million.
For the fiscal year, it earned $263 million, or 60 cents a share, on sales of $1.2 billion, up 72 percent from fiscal 1999, when it raked in $70.3 million, or 16 cents a share, on sales of $317.2 million.