Tuesday, May 06, 2008

Symantec Makes into Fortune 500

Symantec has surely and steadily entered the big league of Fortune 500 companies. From 672 in 2006, the ranking climbed to 515 last year. And this year, taking a quantum jump, Symantec has acquired the coveted 461 position. This is the first time, Symantec has made to this list. AP and CNBC have both covered the Fortune 500 list and mentioned Symantec as the new addition to the list this year.

The Fortune magazine ranks companies by 12 indices, including revenues; profits; assets; stockholders' equity; market value; profits as a percentage of revenues, assets, and stockholders' equity; earnings per share growth over a 10-year span; total return to investors in the year; and the 10-year annual rate of total return to investors. The list is valued by a number of financial groups, investors and academic and business researchers who look to these companies to learn about best practices across industries and discover the secrets to their business and financial success.

Snapshot of Symantec’s ranking in other areas:
Profits: Symantec ranks 305
Stockholder Equity: Symantec ranks 109
Total Return to Investors: Symantec ranks 352

There was also a ranking by industry and Symantec stood third (out of three companies included) on the computer software industry list. Click on
http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/11073.html to know more.

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