Symantec Gets a Consumer Lift
Security-software maker Symantec Corp.’s (SYMC) quarterly profit rose 19 percent as higher margins and strong sales of its Norton computer-security tools to consumers stemmed revenue declines in its corporate business.
Although the company said it is seeing continuing caution among corporate buyers, it has stemmed some of the sharp declines it reported in the previous quarter. Executives also flagged an increase in the number of large-sized deals, and evidence that the company is beginning to reverse some market share losses in its corporate security business.
“We are encouraged by signs of stabilization in the markets we serve and are confident that we will continue to see gradual improvement over the next few quarters,” said Chief Executive Enrique Salem.