Veritas Software is proof that the storage market is the one to be in, announcing record first-quarter results at a time when many hardware and software vendors are going backward.
Veritas, which has come and gone from New Zealand a number of times, reported sales of more than $US387 million, an increase of 58% on the year before. Net income, excluding “purchase accounting adjustments”, was up 67% to $US87.
Jeremy Eckley, who has been the company’s New Zealand representative since it last opened an office here nine months ago, says the result demonstrates that computer users are realising the necessity of data protection.
"IT is looking massively at storage," he says. "People don't just want 24 x 7 secure storage; they want 365 x forever."
Veritas focuses on high availability of diverse data, and has recently developed the VOS library, an initiative in partnership with Oracle and Sun.
"We're not a homogeneous environment, we're a heterogeneous one, so we cover just about every platform," says Eckley.
Typical customers include Telecom New Zealand, Carter Holt Harvey and Air New Zealand, as well as academic organisations such as Victoria University and Canterbury University.