Symantec Corporation announced unaudited consolidated financial results for the fourth quarter and fiscal year ended March 29, 2013. For the quarter, the company reported GAAP revenue was $1.748 billion against $1.681 million for the same period a year ago. Operating income was $251 million against $192 million for the same period a year ago. Income before income taxes was $229 million against $691 million for the same period a year ago. GAAP net income was $188 million compared with net income of $559 million for the year-ago period. Net income per diluted share was $0.26 against $0.76 for the same period a year ago. GAAP deferred revenue as of March 29, 2013, was $4.017 billion compared with $3.973 billion as of March 30, 2012, up 1% year-over-year and up 3% after adjusting for currency. Cash flow from operating activities was $612 million compared with $687 million for the year ago period. Non-GAAP net income was $314 million, compared to $283 million for the year-ago period, an increase of 11% year-over-year. Non-GAAP diluted earnings per share were $0.44 compared with $0.38 for the year-ago quarter, an increase of 16% year-over-year. For the fiscal year, GAAP revenue was $6.906 billion against $6.730 billion a year ago. Operating income was $1.123 billion against $1.079 billion a year ago. Income before income taxes was $1.023 billion against $1.470 billion a year ago. GAAP net income was $765 million compared with $1.172 billion for fiscal year 2012. GAAP diluted earnings per share for the year was $1.08 compared with $1.57 for fiscal year 2012. Cash flow from operating activities was $1.593 billion compared with $1.901 billion for fiscal year 2012. Capital expenditures totaled $336 million resulting in free cash flow of $1.26 billion for the fiscal year. The year-over-year change in the GAAP results was as expected and was driven by the completion of the sale of the Huawei Joint Venture in fiscal year 2012. Non-GAAP net income for the year was $1.258 billion, compared with $1.201 billion for fiscal year 2012, an increase of 5%. Fiscal year 2013 results were driven by the strong point solutions such as NetBackup, DLP and other information security offerings, as well as continued growth in the Norton and SEP endpoint products. For the first quarter ending June 2013, the company expects GAAP revenue to be in the range of $1.61 billion to $1.65 billion compared to $1.67 billion in the year-ago period. Revenue is expected to be lower year-over-year for 2 reasons. First, the weak yen is driving a projected foreign currency headwind of $15 million; and second, the typical first quarter sequential revenue performance has been down about 2.5% versus the 1.7% reduction implied by consensus estimates. This difference equates to another $15 million. The company expects GAAP operating margin to be in the range of 8.6% to 8.7% compared to 16.1% in the year-ago period. Non-GAAP operating margin is expected to be in the range of 22.6% to 22.7% compared to 26.1% last year. GAAP earnings per share are estimated to be between $0.11 and $0.12 as compared to $0.24 in the year-ago period. Non-GAAP earnings-per-share are estimated to be between $0.35 and $0.36 as compared to $0.43 in the year-ago period. EPS is expected to be lower year-over-year driven by the revenue items just noted and higher spend year-over-year, each accounting for $0.03 of impact to EPS. Also, starting in the June quarter, the company expects to implement a new commissions accounting methodology, which would decrease EPS by $0.01 in the quarter. For fiscal 2014, the company remains committed to the revenue guidance of 0% to 2% growth and non-GAAP operating margin expansion of 200 basis points, both on a constant-currency basis. The company expects non-GAAP EPS to grow between 5% and 7% in fiscal year 2014. The company’s guidance for both the quarter and the full year assumes an effective tax rate of 28%.

Symantec's Board of Directors has declared a quarterly cash dividend of $0.15 per common share to be paid on June 27, 2013 to all shareholders of record as of the close of business on June 19, 2013. The ex-dividend date will be June 17, 2013. Symantec's Board of Directors approved the initiation of quarterly cash dividends to its shareholders in January of 2013. Future dividend declarations will be subject to Board approval.

Webalo, Inc. announced a partnership with Symantec Corp. to include Webalo's cloud-based, self-service enterprise mobility platform in the Symantec Sealed Program, which assures enterprise customers of Symantec App Center that the apps they buy are protected in a comprehensive data and mobile application security workspace providing enterprise-class security, authentication, encryption, and content controls. Webalo's technology, which uses a step-by-step, point-and-click configuration process to create and deploy enterprise-to-mobile capabilities in minutes, provides its own internal security, but as part of the Symantec Sealed Program, Webalo will integrate Symantec's security and management features, such as encryption, authentication, data loss prevention policies, app distribution and revocation, into its platform. As a Symantec Sealed partner, Webalo's technology is integrated and tested to work with Symantec App Center, providing a seamless and secure centralized mobile workforce productivity management console as part of the Symantec Mobile Management Suite. As a Symantec Sealed app, Webalo will be visible to enterprise customers that are leveraging the Symantec App Center. Customers will then be able to use a single enterprise mobility platform for securing and managing apps, devices and content with confidence on both iOS and Android smartphones and tablets. Webalo will distribute the "Symantec Sealed" version of its product on third-party platforms such as Apple's App Store and Google Play.