Symantec 2013 Annual Report Download - page 138
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Fiscal 2013 compared to Fiscal 2012:
Consumer revenue and operating income remained consistent from period to period. Of the total Consumer
revenue recognized in fiscal 2013, 88% was generated from our electronic distribution channel sales, which
include our eCommerce portal, OEMs, electronic upgrades, and renewals. Consumer operating income decreased
slightly due to higher salaries and wages and cost of revenue with offsetting declines of advertising promotion
expense, which was primarily from lower placement fees.
Fiscal 2012 compared to Fiscal 2011:
Consumer revenue increased primarily due to increases in our premium Internet and security products of
$156 million. Of the total Consumer revenue recognized in fiscal 2012, 86% was generated from our electronic
distribution channel sales. Consumer operating income increased primarily due to higher revenue and lower
advertising and promotion expenses of $22 million, partially offset by increased salaries and wages of $41
million and higher cost of revenue of $17 million. The increased salaries and wages expense was due to higher
headcount compared to fiscal 2011. The increase in cost of revenue was primarily associated with the increased
product revenue.
Security and Compliance segment
Fiscal
2013
Change in Fiscal
2012
Change in Fiscal
2011$ % $ %
($ in millions)
Security and Compliance revenue ............... $2,053 $ 92 5% $1,961 $325 20% $1,636
Percentage of total net revenue ................. 30% 29% 26%
Security and Compliance operating income ....... $ 608 $163 37% $ 445 $183 70% $ 262
Percentage of Security and Compliance revenue . . . 30% 23% 16%
Fiscal 2013 compared to Fiscal 2012:
Security and Compliance revenue increased primarily due to the growth in our User Authentication and
Trust Services offerings of $73 million, managed security services of $22 million, and Data Loss Prevention
products of $14 million, partially offset by a decline in our enterprise security suite offerings of $19 million. The
revenue from our user authentication and trust products and services for fiscal 2012 was lower than would have
otherwise been the case due to purchase accounting fair value adjustments to deferred revenue. Security and
Compliance operating income increased primarily due to the higher revenue and lower overall operating
expenses of $96 million. The decreased operating expenses were mainly due to lower salaries and wages from
decreased commissions and less advertising promotion expense.
40