Symantec 2006 Annual Report Download - page 47

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Net revenues by geographic region
Year Ended March 31,
2006 2005 2004
($ in thousands)
North America (U.S. and Canada) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $2,185,945* $1,334,707** $ 967,170***
Percentage of total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 53% 52% 52%
Period over period increaseÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 851,238 $ 367,537
64% 38%
EMEA (Europe, Middle East, and Africa) ÏÏÏÏÏÏÏÏÏÏ $1,321,968 $ 842,189 $ 616,504
Percentage of total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 32% 33% 33%
Period over period increaseÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 479,779 $ 225,685
57% 37%
Asia Pacific/JapanÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 563,487 $ 360,342 $ 247,550
Percentage of total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 14% 14% 13%
Period over period increaseÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 203,145 $ 112,792
56% 46%
Latin America ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 71,992 $ 45,611 $ 38,905
Percentage of total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2% 2% 2%
Period over period increaseÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 26,381 $ 6,706
58% 17%
Total net revenues ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $4,143,392 $2,582,849 $1,870,129
* North America includes net revenues from the United States of $2.0 billion and Canada of $140 million
during fiscal 2006.
** North America includes net revenues from the United States of $1.2 billion and Canada of $99 million
during fiscal 2005.
*** North America includes net revenues from the United States of $896 million and Canada of $71 million
during fiscal 2004.
The increase in net revenues in international regions in fiscal 2006 as compared to fiscal 2005 was
primarily due to revenue from products acquired through the Veritas acquisition, which contributed
$661 million of net revenues in international regions. Increased sales of our Norton Internet Security products
in our Consumer Products segment and our antivirus and antispam products in our Enterprise Security
segment also contributed to the increase in net revenue in the international regions in fiscal 2006, while the
change to ratable revenue recognition with the release of the 2006 consumer products that include content
updates partially offset this increase. Weakness in most major foreign currencies negatively impacted our
international revenue growth by $48 million in fiscal 2006 as compared to fiscal 2005. We are unable to predict
the extent to which revenues in future periods will be impacted by changes in foreign currency exchange rates.
If international sales become a greater portion of our total sales in the future, changes in foreign currency
exchange rates may have a potentially greater impact on our revenues and operating results.
The increase in net revenues in international regions in fiscal 2005 was due to increased revenue from our
Norton Internet Security and Norton AntiVirus products in our Consumer Products segment and our antivirus
products in our Enterprise Security segment in those regions. We believe this increase in sales is attributable
to increased customer awareness related to security threats. In addition, strength in major foreign currencies
positively impacted our international revenue growth in fiscal 2005 by $74 million as compared to fiscal 2004.
The strength in foreign currencies in fiscal 2005 was due primarily to the strength of the Euro.
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