Symantec has indicated that the security market might not betotally immune to recession, particularly on the SME side of the business.
A dip in small business sales was pointed to as the cause ofa dip in non-GAAP Q4 revenues to $1.49bn for the three months ended 3 April.
The software security division also showed signs of strainwith sales dropping by 14% to $370m.
In quotes given to Reuters, Symantec's chief financial officer James Beer said that the SME and mid sized market had slowed up and contributed to the declining revenues.
Symantec president and CEO Enrique Salem said that it hadfocused on driving down costs and hinted that it could consider expanding itsoperations.
“Moving forward our focus is on investments that will extendour leadership, improve product quality and integrate our solutions to helpcustomers secure and manage their information,” he said.
Salem,who has not been in the CEO chair for that long, recently sent an open letterto the channel outlining its determination to work with resellers and improveits relationship with them.