Symantec’s pre-tax profits fall 6% despite revenues climbing to €1.49bn

Pre-tax profits at the Irish arm of technology giant, Symantec last year fell by 6% to €32.6m in spite of revenues climbing to €1.49bn.

According to accounts just filed by Symantec Ltd, the US-owned firm increased its revenues by 4% from €1.43bn to €1.49bn in the 12 months to the end of Mar 30.

The Dublin-based firm sustained the drop in profits after a higher cost of sales and higher administrative expenses.