Pre-tax profits at Symantec decline by 52% to €34.9m

PRE-tax profits at the Irish arm of security software solution provider, Symantec last year declined by 52% to €34.9 million, despite revenues climbing to €1.43 billion, new accounts show.

According to accounts just filed by Symantec Ltd, the €37.8m drop in pre-tax profits is mainly attributable to foreign currency gains declining from €50m in 2010 to €17m in the 12 months to the end of April 1 last year.

The figures show the Dublin-based company’s turnover increased by 5% or €74.8m from €1.36bn to €1.43bn last year.