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Wednesday, October 08, 2008
Symantec Buys MessageLabs For $695 Million
Dan Gallagher
MarketWatch Pulse
SAN FRANCISCO -- Symantec Corp. said Wednesday that it has signed a deal to acquire MessageLabs, a provider of online messaging and Web security services, for $695 million in cash. The company said the acquisition will give it a stronger position in the software-as-a-service category. MessageLabs generated about $145 million in revenue during the 2008 fiscal year. The deal is expected to close by the end of this year.
Copyright © 2008 MarketWatch, Inc.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
