0
Broadband

Symantec raises revenues for Q1 amid ongoing Audit Committee probe

Friday 3 August 2018 | 10:53 CET | News
Symantec reported results mainly at the high end of guidance but adjusted its full year forecast downwards to reflect lower than expected enterprise implied billings, on the back of longer than expected sales cycles for large, multi-product platform sales. The internal Audit Committee investigation following concerns raised by a former employee is ongoing. This means financial results and guidance may still be subject to change but Symantec does not anticipate a material adverse impact on its past financial statements for the third quarter of fiscal 2018 and before. That said, the fourth

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Symantec
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Symantec revenues, profit go higher than expected in Q3 amid end of Audit Committee probe

Published 02 Nov 2018 11:44 CET | World
Symantec reported higher than expected results for its fiscal second quarter 2019 and reiterated its full year guidance. CEO Greg ...

Symantec to restate USD 13 mln in revenue after completing accounting probe

Published 24 Sep 2018 16:06 CET | World
Symantec said its Audit Committee has completed the internal investigation into the company's accounting practices started in ...

Symantec releases Management Center 2.0

Published 27 Aug 2018 16:07 CET | World
Symantec said the 2.0 version of its Management Center has two new features, AWS Support and Virtual Appliance Licensing. AWS ...

Starboard takes stakes in Symantec, proposes new board members

Published 16 Aug 2018 10:45 CET | World | Update: 16 Aug 2018 14:28 CET
The activist investor Starboard has acquired a stake in Symantec and is seeking to place five of its representatives on the ...

Symantec to lay off 8% of workforce

Published 06 Aug 2018 09:05 CET | World
Symantec will reduce its global workforce by 8 percent to boost profit margins after closing fewer deals than expected so far in ...

Symantec expands Security Operations Center in India

Published 31 Jul 2018 19:20 CET | India
Symantec announced the enhanced expansion of its Security Operations Center (SOC) in Chennai, India. Customers in India and ...

Symantec intros Cloud Workload Protection Suite

Published 27 Jul 2018 09:33 CET | World
Symantec announced new additions to Symantec Cloud Workload Protection (CWP) Suite, adding multilayered anti-malware scanning for ...

Symantec releases integrated email threat isolation platform

Published 17 Jul 2018 18:52 CET | World
Symantec introduced Email Threat Isolation, which blocks advanced email attacks on end-user devices by helping to protect users ...

Symantec Consumer Digital Safety chief moves to new company

Published 08 Jun 2018 11:11 CET | World
Symantec's Consumer Digital Safety executive VP will be leaving the company to become CEO at a private firm, from 29 June. No ...

Symantec intros cloud-based network security platform with web isolation

Published 07 Jun 2018 10:58 CET | World
Symantec announced new innovations and enhancements to its Network Security for the Cloud Generation platform, designed to ...

Symantec to open privacy and data protection research centre in Germany

Published 24 May 2018 12:46 CET | Germany
Cyber-security firm Symantec announced it will open a privacy research centre in Saarbrucken, Germany, focusing on the ...

Symantec says no major impact on past figures expected from accounting probe

Published 15 May 2018 09:27 CET | World
The company's Audit Committee has asked independent counsel and other advisors to help and voluntarily told the Securities and ...

Symantec cautious about 2019 after starting probe into certain non-GAAP figures

Published 11 May 2018 09:58 CET | World | Update: 15 May 2018 09:32 CET
Symantec reported higher revenues and a narrowed net loss for its fiscal fourth quarter to end March, but also announced an ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep China SDN/NFV/AI Conference
23 Sep Submarine Networks Wold 2020
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
29 Sep Micron Technology fiscal Q4
29 Sep VMworld
29 Sep ConnecTechAsia
29 Sep Tech & Politics Forum by FT-ETNO
30 Sep FCC meeting
::: More Calendar Items