Symantec (SYMC) Tops Q1 EPS by 4c, Issues Strong Rev Guidance, Mixed EPS

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Symantec Reports First Quarter Fiscal Year 2017 Results

August 4, 2016 4:09 PM EDT

Revenue of $884 million, GAAP operating margin of 12% and EPS of $0.22, non-GAAP operating margin of 29% and EPS of $0.29 Reiterates commitment to maintain quarterly dividend at $0.075 $550 million in net cost savings underway, as a result of cost savings initiative and synergies from Blue Coat acquisition

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Symantec Corp. (NASDAQ: SYMC) today reported the results of its first quarter of fiscal year 2017, ended July 1, 2016.

Greg Clark, Symantec CEO, said, We are pleased to have quickly and... More