Symantec Q2 results coming in flat

Symantec reported the results of its second quarter of fiscal year 2013, ended Sept. 28, 2012. GAAP revenue for the fiscal second quarter was $1.7 billion, up one per cent year-over-year and up five per cent after adjusting for currency.

Steve Bennett, chairman, president and CEO of Symantec, said he was pleased with the team’s results and progress made this quarter. Symantec delivered solid results during the first quarter of a significant transition for the company. After travelling the world speaking to employees, customers and shareholders, there is a strong sense of excitement about the company’s future. While focused on running the company, the team is also hard at work building a strategy and operational plan to deliver greater than five per cent organic growth and 30 per cent operating margins on a sustainable basis within the next two-to-three years.

James Beer, executive vice president and CFO of the security vendor said that Symantec delivered better than expected results with record September revenue and deferred revenue, in addition to strong net income and EPS as we continue to make improvements to the performance of our businesses.

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Jim Love, Chief Content Officer, IT World Canada
CDN Staff
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