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Sophos Continues To Grow At Twice the Market Rate

  • 22 September, 2003 15:21

<p>FOR IMMEDIATE RELEASE
Sydney 22 September 2003.</p>
<p>Sophos, a world leader in anti-virus protection for businesses, today announced financial results for the year ended 31st March 2003.</p>
<p>Global highlights:</p>
<p>* Turnover increased 30 per cent to £41.0 million, up from £31.6 million in the previous year.</p>
<p>* Profit before tax grew 24 per cent to £12.1 million (2002: £9.8 million).</p>
<p>* Profit after tax grew 59 per cent to £10.1 million (2002: £6.3 million).</p>
<p>In Australia and New Zealand –
Revenue increased by 113 per cent.</p>
<p>Analyst group IDC expects the anti-virus market as a whole to grow at 15 per cent annually between 2002 and 2007*. This year, Sophos's turnover grew at twice this rate – 30 per cent – demonstrating the company's continued success in capturing market share in the highly competitive anti-virus market.</p>
<p>The company has now enjoyed several consecutive years of impressive and steady growth. Since 1994, Sophos has experienced compound annual turnover growth of 42 per cent and compound pre-tax profits growth of 44 per cent.</p>
<p>"Sophos has achieved consistent growth over the last year and for the third consecutive year we have outperformed the anti-virus market as a whole," said Peter Lammer, joint CEO for Sophos Plc. "Our strategy of developing protection specifically designed for networked corporate environments, backed up with round-the-clock support, is clearly working."</p>
<p>Rob Forsyth, managing director of Sophos Australia and New Zealand, said, “The channel has played a starring role in boosting sales across the region, resulting in Sophos gaining market share and increasing revenue by 113 per cent over the 12-month period. Our growth included the doubling of our employee headcount and we continue to boost our ranks with new senior sales and customer support people.</p>
<p>“Sophos’s increased investment in local research and development expertise has helped our Sydney high security computer virus research and development laboratory achieve global recognition. It now plays a vital role in global product development and customer support.”</p>
<p>Sophos will open new £32 million global headquarters in October, alongside its existing Oxfordshire offices. The company also expanded its worldwide reach with certification for use in mainland China and will be releasing versions of its award-winning products in Brazilian Portuguese and Korean as well as traditional and simplified Chinese.</p>
<p>Sophos also increased its number of OEM partnerships. Among these new partners are Tel.net Media and myinternet in Australia.</p>
<p>New customers include Norwich Union, Orica, University of Newcastle, Bank of England, BBC, GlaxoSmithKline, Orange, Royal Air Force, Siemens, Toshiba, WWF, Xerox Corporation.</p>
<p>ends</p>
<p>*IDC Bulletin 29635R – Worldwide Secure Content Management Forecast Update and Competitive Vendor Shares, 2002-2007.</p>
<p>About Sophos:
Sophos is the largest specialist developer of anti-virus software and protects more than 20 million computer users against virus attacks, worldwide. Sophos is headquartered in the UK and offers its products through a global network of subsidiaries and certified partners in more than 150 countries. Sophos products, backed by award-winning 24-hour customer support, are deployed by all types of organisations, including small- to medium-sized businesses, large corporations, banks, governments and educational institutions.</p>
<p>Sophos’s regional head office for Australia and New Zealand is in Sydney and hosts one of the company’s three Computer Virus Research and Development Laboratories to provide global support services.</p>
<p>FOR FURTHER INFORMATION:
Rob Forsyth (rob.forsyth@sophos.com.au) is available for comment:
+61 417 234 176 (mobile)
+61 2 9409 9100 (tel)
+61 2 9409 9191 (fax)</p>
<p>Sophos's press contact at Gotley Nix Evans is:
Michael Henderson (sophos@gne.com.au)
+61 2 9957 5555 (tel)
+61 413 054 738 (mobile)
+61 2 9957 5575 (fax)</p>

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