Irish arm of Symantec returns to profit

THE Irish arm of Symantec last year returned to profit to record pre-tax profits of €72 million in spite of a decline in revenues.

According to accounts just filed by the Dublin-based Symantec Ltd to the Companies Office, the company recorded a pre-tax profit of €72.9m in the year to the end of April 2, 2010, following a pre-tax loss of €6.6m in 2009 representing a turnaround of €79.5m.

The figures show that the US-owned company’s revenues last year declined by 8% or €125m from €1.48 billion to €1.36bn.