Hello, Guest!
  • Friday, April 26, 2024

Symantec Pulls Back Curtain on Financial Numbers

Symantec (NASDAQ: SYMC) released results for the second quarter of fiscal year 2011.

“I am pleased with the execution in the quarter, in particular the strong performance in backup and archiving and continued momentum in hosted services and data loss prevention. In addition, we saw growth in the public sector, driven by strength across all product lines in both the civilian and defense agencies, ” said Enrique Salem, president and chief executive officer, Symantec. “We’re making good progress integrating the VeriSign security business, PGP and GuardianEdge into the Symantec portfolio and all three acquisitions performed better than expected in the quarter.”

Here are the key stats:

  • GAAP Revenue of $1.480 billion
  • Non-GAAP Operating Margin of 25.1 percent
  • Non-GAAP Earnings Per Share of $0.34
  • GAAP Deferred Revenue of $3.104 billion
  • Cash Flow from Operations of $310 million

Video of the Day

Related Articles

Laura Fritzlen Joins Zscaler as Public Sector Alliances & Channels VP Executive Moves

Laura Fritzlen Joins Zscaler as Public Sector Alliances & Channels VP

Technology industry executive Laura Fritzlen has been named vice president of public sector alliances and channels at Zscaler (Nasdaq: ZS), GovCon Wire has learned. She will be responsible for expanding strategic partner relationships and alliances with public sector organizations to help strengthen collaboration and drive growth at the cloud security company. “With more than two

Michael Brown, John Jack Join Shield Capital as Venture Partners Executive Moves

Michael Brown, John Jack Join Shield Capital as Venture Partners

Investment firm Shield Capital has appointed technology industry leaders Michael Brown and John “JJ” Jack as venture partners. Brown, a 2022 Wash100 awardee, and Jack will bring decades of management and industry leadership experience as the San Francisco-based venture capital firm looks to help government and commercial clients address challenges in artificial intelligence, cybersecurity, autonomy

Pentagon Starts Search for Defense Innovation Unit Director; Heidi Shyu Quoted Executive Moves

Pentagon Starts Search for Defense Innovation Unit Director; Heidi Shyu Quoted

The Department of Defense has begun its search for a new executive who will succeed Michael Brown as director of the Defense Innovation Unit, which helps DOD speed up the adoption of commercial technologies to strengthen national security. Brown, a 2022 Wash100 Award winner, will step down from his role as DIU director once his