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Profile - Veritas Software Corp. (NasdaqNM:VRTS)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials | Reports
Recent Events
Aug 31Price hit new 52-week low ($27.61)
Location
350 Ellis Street
Mountain View, CA 94043
Phone: (650) 335-8000
Fax: (650) 335-8050
Email: ir@veritas.com
Employees (last reported count): 4,784
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Software & Programming
Company Websites
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Index Membership
 ·S&P 500
 ·Nasdaq 100
Ownership
·Insider and 5%+ Owners: 37%
·Over the last 6 months:
 · 13 insider sells; 424.0K shares
  (0.3% of insider shares)
·Institutional: 82% (130% of float)
(1,642 institutions)
·Net Inst. Buying: 6.12M shares (+1.83%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Veritas Software Corporation is a supplier of data availability software products. Its products are designed to enable continuous productivity for computing environments ranging from the desktop computer to the large enterprise data center, including storage area networks. The Company offers a wide range of data availability software products to manage the growth of available data and the increasing complexity and size of networked environments that its customers face. Its products allow businesses to improve the management of their data, to protect their data and to increase the availability of their data. Veritas develops products for operating systems, including versions of UNIX, Windows NT and Linux. Its software solutions are used by customers across a broad spectrum of industries, including many global corporations and e-commerce businesses. The Company also provides a full range of services to assist its customers in planning and implementing their data availability solutions.
More from Market Guide: Expanded Business Description

Financial Summary
Veritas is a supplier of data availability software products, including storage management, data protection, clustering, replication, and storage area networking applications. For the six months ended 6/30/01, revenues rose 50% to $777.7 million. Net loss fell 18% to $285.1 million. Results reflect a greater volume of large end-user transactions and increased revenue from OEMs, partially offset by increased sales and marketing staff related expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Mark Leslie, 55
Chairman
$1.4M$18.7M
Gary Bloom, 40
Pres, CEO, Director
122K--  
Geoffrey Squire, 53
Vice Chairman, Exec. VP
--  --  
Kenneth Lonchar, 42
CFO, Exec. VP
567K3.8M
Fred Van den Bosch, 53
Exec. VP of Engineering
798K45.3M
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:VRTSAs of 31-Aug-2001
Price and Volume
52-Week Low
on 31-Aug-2001
$27.61 
Recent Price$28.72 
52-Week High
on 20-Oct-2000
$166.875
Beta1.84 
Daily Volume (3-month avg)12.2M
Daily Volume (10-day avg)11.6M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-76.4%
52-Week Change
relative to S&P500
-68.4%
Share-Related Items
Market Capitalization$11.5B
Shares Outstanding399.8M
Float251.9M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 2 on 6-Mar-2000
Per-Share Data
Book Value (mrq)$7.09 
Earnings (ttm)-$1.40 
Earnings (mrq)-$0.32 
Sales (ttm)$3.67 
Cash (mrq)$3.02 
Valuation Ratios
Price/Book (mrq)4.05 
Price/EarningsN/A 
Price/Sales (ttm)7.83 
Income Statements
Sales (ttm)$1.46B
EBITDA (ttm)$395.7M
Income available to common (ttm)-$558.1M
Profitability
Profit Margin (ttm)-38.1%
Operating Margin (ttm)-33.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-13.90%
Return on Equity (ttm)-18.55%
Financial Strength
Current Ratio (mrq)3.11 
Debt/Equity (mrq)0.15 
Total Cash (mrq)$1.21B
Short Interest
As of 8-Aug-2001
Shares Short23.3M
Percent of Float9.2%
Shares Short
(Prior Month)
22.8M
Short Ratio1.61 
Daily Volume14.5M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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