symantec corp (SYMC) Key Developments
Gulf Air Selects Symantec to Deploy its Netbackup and Enterprise Vault Products to Increase Productivity in its Technological Services
Sep 9 14
Gulf Air announced selecting Symantec to deploy its NetBackup and Enterprise Vault products to increase productivity in its technological services. Gulf Air is looked upon to be revolutionary in terms of transition to modern technological services and was the first organization in Bahrain to introduce private cloud computing in its IT operations, with its virtualized data center environments being the host of over 100 applications with more than 100 terabytes of business data, across 250 servers. Symantec's NetBackup and Enterprise Vault solutions will complement the airline's data center and increase the stability and availability of numerous critical passenger services including web bookings, frequent flyer services, and other core airline solutions for managing its operations and finances.
Symantec Folds Nine Norton Products into One Service
Aug 19 14
Symantec will consolidate its cluttered Norton line of security software, folding nine products into one online service that can be used across desktop computers and mobile devices. The product, in beta now, will simply be called "Norton Security" and cost $79 a year when it goes on sale in North America on September 23, 2014. It replaces Norton Internet Security, Norton AntiVirus and Norton360, among others.
Symantec Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended July 04, 2014; Provides Earnings Guidance for the Second Quarter Ending October 3, 2014 and Fiscal Year Ending April 3, 2015
Aug 6 14
Symantec Corporation announced unaudited consolidated earnings results for the first quarter ended July 04, 2014. For the quarter, the company’s total net revenue was $1,735 million against $1,709 million for the same period a year ago. Operating income was $322 million against $224 million for the same period a year ago. Income before income taxes was $305 million against $220 million for the same period a year ago. Net income attributable to company shareholders was $172 million against $191 million for the same period a year ago. Net income was $236 million against $0.34 per diluted share compared to $157 million or $0.22 per diluted share for the same period a year ago. Net cash provided by operating activities was $293 million against $312 million for the same period a year ago. Purchase of property and equipment were $92 million against $61 million for the same period a year ago. Non-GAAP diluted earnings per share were $0.45 compared with earnings per share of $0.44 for the year-ago quarter. Non-GAAP net income for the first quarter was $313 million compared with $311 million for the year-ago period.
The company provided earnings guidance for the second quarter ending October 3, 2014 and fiscal year ending April 3, 2015. For the quarter, the company expected revenue in the range of $1,600 to $1,640 million, operating margin in the range of 18.7% to 19.5%, EPS (diluted) in the range of $0.29 to $0.33, Non GAAP operating margin in the range of 25.1% to 25.9% and Non GAAP EPS (diluted) in the range of $0.40 to $0.44. The company guidance assumes an effective tax rate of 27.5%.
For the year, the company expected revenue in the range of $6,630 to $6,770 million, operating margin in the range of 21.8% to 22.3%, EPS (diluted) in the range of $1.43 to $1.513, Non GAAP operating margin in the range of 27.7% to 28.2% and Non GAAP EPS (diluted) in the range of $1.84 to $1.92. The company expected effective tax rate of 27.8%.
Symantec Corporation Declares Quarterly Cash Dividend, Payable on September 17, 2014
Aug 6 14
Symantec Corporation's Board of Directors has declared a quarterly cash dividend of $0.15 per common share to be paid on September 17, 2014 to all shareholders of record as of the close of business on August 27, 2014. The ex-dividend date will be August 25, 2014.
Symantec Corporation Presents at Citi 2014 Global Technology Conference, Sep-03-2014 11:45 AM
Jul 23 14
Symantec Corporation Presents at Citi 2014 Global Technology Conference, Sep-03-2014 11:45 AM. Venue: Hilton New York, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Thomas J. Seifert, Chief Financial Officer and Executive Vice President.