SYMC » Topics » Consumer segment

This excerpt taken from the SYMC 10-K filed Jun 1, 2009.
Consumer segment
 
                                                         
    Fiscal
    2009 vs. 2008     Fiscal
    2008 vs. 2007     Fiscal
 
    2009     $     %     2008     $     %     2007  
    ($ in thousands)  
 
Consumer revenues
  $ 1,773,207     $ 27,118       2 %   $ 1,746,089     $ 155,584       10 %   $ 1,590,505  
Percentage of total net revenues
    29 %                     30 %                     30 %
Consumer operating income
  $ 948,090     $ 9,463       1 %   $ 938,627     $ 6,638       1 %   $ 931,989  
Percentage of Consumer revenues
    53 %                     54 %                     59 %
 
Consumer revenues increased for fiscal 2009 as compared to fiscal 2008 primarily due to an increase from our core consumer security products in our electronic channels, offset by a decrease in our retail channels. Our electronic channels include sales derived from OEMs, subscriptions, upgrades, online sales, and renewals. In addition, Consumer revenues increased from the sale of our consumer services and acquired security products.
 
Consumer revenues increased for fiscal 2008 compared to fiscal 2007 due to an aggregate increase from our core consumer security products in our electronic channels. The increase was also due to a favorable foreign currency impact.
 
Operating income for this segment increased for fiscal 2009 as compared to fiscal 2008, as the increase in revenue more than offset the increase in expenses. Total expenses for fiscal 2009 increased primarily as a result of the PC Tools acquisition.
 
Operating income for this segment increased for fiscal 2008 as compared to fiscal 2007, as the increase in revenue more than offset the increase in expenses. Total expenses for fiscal 2008 increased primarily as a result of higher OEM placement fees.
 
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