NortonLifeLock Inc. (NLOK) Tops Q4 EPS by 2c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus

NortonLifeLock Inc. (NASDAQ: NLOK) reported Q4 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $677 million versus the consensus estimate of $659.96 million.

Q4 Non-GAAP Financial Highlights and Commentary YoY

• Record revenue of $677 million, up 11% in USD
• Record diluted EPS of $0.40, up 54%
• Operating margin was 50.5%, up 900 bps
• Consumer reported billings was $748 million, up 17% in USD
• Direct customer count of 23 million, up 2.8 million

“We’re on a mission to bring Cyber Safety to everyone,” said Vincent Pilette, CEO of NortonLifeLock. “I’m proud of what the team achieved in our first fiscal year. We accelerated growth, expanded our international footprint, and added freemium capability. In the fourth quarter alone, we added 2 million new customers, and achieved record revenue and profit. This is possible because we are all driven by our vision to protect and empower people to live their digital lives safely. We are just getting started.”

GUIDANCE:

NortonLifeLock Inc. sees FY2022 EPS of $0.40-$0.42, versus the consensus of $0.39. NortonLifeLock Inc. sees FY2022 revenue of $680-690 million, versus the consensus of $659.06 million.

For earnings history and earnings-related data on NortonLifeLock Inc. (NLOK) click here.

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