Veritas Software achieved net income of $49 million for its second quarter to 30 June, up 88% from the $26 million of the second quarter of last year.
Revenue came in at a record $413 million, 13% higher than the year-earlier figure of $365 million.
Diluted earnings of $0.11 per share compare with a previous $0.06 a share.
"Our performance this quarter marks the best in the history of Veritas," says chairman, president and CEO Gary Bloom.
"We exited the quarter with $2.4 billion in cash and short-term investments and, by leveraging the revenue upside, we delivered earnings well ahead of expectations and generated approximately $122 million in cash from operating activities," says executive VP and CEO Ed Gillis.
The company expects revenue of $420 million to $430 million for its next quarter, with diluted earnings per share of $0.13 to $0.15.
Veritas has been making solid inroads in Africa, with companies in almost every African country certifying under the Veritas Partner Programme.
"Africa is becoming the continent with the largest number of Veritas certifications with our influence and software infiltrating countries as far afield as Uganda and Egypt," says Mike Rees, business development manager for sub-Saharan Africa.
While a number of companies in Nigeria and Mauritius have already qualified for the Veritas Partner Programme, a large number of people across the continent are writing a host of certification exams.
"We are very pleased with the overwhelming response from companies hoping to certify with us as this takes Veritas software into a number of new countries, creating important business for the company and revenue for the respective countries," Rees says.
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