DEAR FELLOW STOCKHOLDERS,
Symantec ended fiscal 2011 on a strong note, as demonstrated by our solid performance against our key financial metrics. I am proud of our team’s execution and our accomplishments over the past few quarters. We have a unique and differentiated portfolio that spans from the endpoint to the data center, supporting both virtual and physical environments. We work with individual consumers all the way to the largest organizations in the world. In addition to providing customers with traditional software solutions, we have expanded our Software-as-a-Service
(“SaaS”) and appliance based offerings, giving customers choice on how our solutions are delivered and deployed.
Today we are the leader in helping enterprises and consumers secure and manage their information and identities. IT trends in virtualization, cloud computing, and mobility are changing the way organizations are doing business. By providing solutions that enable the adoption of these key technology trends, we will carry that leadership into tomorrow.
Hard work and disciplined planning enabled us to deliver solid results during fiscal year 2011. Our consumer business grew each quarter driven by our ability to attract and retain more customers through our online store, the customer appeal of our new services offerings, and the strength of our award winning products. In our enterprise business, we generated growth across our portfolio driven by demand for our backup, SaaS, and data loss prevention (“DLP”) products. We have taken great strides in effectively integrating the VeriSign security business as well as the PGP and GuardianEdge acquisitions into the
Symantec portfolio. Our salesforce and distribution partners are successfully cross-selling these acquired technologies into our customer installed base.
FINANCIAL RESULTS
During fiscal 2011, GAAP revenue totaled $6.19 billion and grew 4% in constant currency terms from
the