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Symantec improves profit on lower revenues in Q4

Friday 10 May 2019 | 09:39 CET | News
Symantec reported higher profit for the fourth quarter, with figures back in the black. Revenues, though a bit lower, were in line with guidance. New interim CEO Richard Hill said the Consumer Cyber Safety segment continued to deliver solid results but that Enterprise Security revenue came below guidance due to lower than expected bookings. As a result, reported billings also went under expectations. Hill said the company will for the segment focus on operational discipline and on increasing sales productivity and margins.

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Categories: Internet
Companies: Symantec
Countries: World
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