Symantec 1997 Annual Report Download - page 41
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39
SYMANTEC CORPORATION
Year Ended March 31,
(In thousands, except net income (loss) per share) 1997 1996 1995
Net revenues $472,183 $ 445,432 $ 431,268
Cost of revenues 93,544 108,975 90,935
Gross margin 378,639 336,457 340,333
Operating expenses:
Research and development 88,924 94,672 70,706
Sales and marketing 220,811 229,703 190,439
General and administrative 34,030 32,744 29,357
Acquisition, restructuring and other expenses 8,585 27,617 9,545
Total operating expenses 352,350 384,736 300,047
Operating income (loss) 26,289 (48,279) 40,286
Interest income 7,182 7,512 5,648
Interest expense (1,402) (1,495) (2,419)
Other income (expense), net (1,691) (2,130) 1,041
Income (loss) before income taxes 30,378 (44,392) 44,556
Provision (benefit) for income taxes 4,340 (4,609) 11,147
Net income (loss) $26,038 $(39,783) $ 33,409
Net income (loss) per share - primary $0.47 $(0.76) $ 0.65
Net income (loss) per share - fully diluted $0.47 $(0.76) $ 0.61
Shares used to compute net income (loss) per share - primary 55,407 52,664 52,181
Shares used to compute net income (loss) per share - fully diluted 55,841 52,664 56,491
The accompanying Summary of Significant Accounting Policies and Notes to Consolidated Financial Statements are an integral part of these statements.
Consolidated
Statements of Operations