Symantec (SYMC) Tops Q3 EPS by 2c; Announces $500M Investment from Silver Lake

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Symantec Reports Third Quarter Fiscal Year 2016 Results

February 4, 2016 4:05 PM EST

Revenue at high end of guided range; operating margin and EPS exceed guidance Enterprise Security revenues grew YOY for third consecutive quarter, in constant currency Announces $500 million strategic investment by Silver Lake, and increases total capital return program to $5.5 billion

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) today reported the results of its third quarter of fiscal year 2016, ended January 1, 2016.

Michael A. Brown, president and CEO, said, We are entering the second half of our... More

Symantec Announces $500 Million Strategic Investment by Silver Lake, Symantec’s Total Capital Return Program Increased to $5.5 Billion

February 4, 2016 4:05 PM EST

Board declares $4.00 per share special dividend and authorizes $2.3 billion in share repurchases to be completed by end of March 2017 Targets cost savings of approximately $400 million by the end of fiscal year 2018 Annual dividend adjusted to $0.30 per share to reflect reduced domestic cash flow following Veritas sale and special dividend Board to appoint Silver Lake Managing Partner Ken Hao to Symantec Board

MOUNTAIN VIEW, Calif. & MENLO PARK, Calif.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) (Symantec)... More