symantec corp (SYMC) Key Developments
Symantec Corp. Launches Secure One
Oct 5 15
Symantec Corp. is rolling out an enhanced channel partner program designed to help security-focused partners grow their businesses. Symantec Secure One offers partners the ability to unlock higher earning potential through simplified competency and certification requirements, while including a more predictable, profitable Growth Accelerator Rebate. A new distributor program, designed to support and accelerate partner growth, will also be included under the Secure One umbrella. Secure One Highlights: higher earning potential; get paid faster; and easier achievements.
Symantec Corporation Appoints Dan Rogers as Chief Marketing Officer
Sep 21 15
Symantec Corporation announced that it has appointed Dan Rogers to Chief Marketing Officer. Reporting to the company CEO Michael A. Brown, Rogers will oversee the company’s marketing efforts, including brand awareness, digital marketing, demand generation and events. Since 2013, Rogers has been Chief Marketing Officer of the EMEA-region at Salesforce, where he contributed to significant increases in revenue and unaided brand awareness. Prior to that, he was head of global product marketing for Amazon Web Services, and previously served in senior marketing and product management roles at Microsoft.
Symantec Corporation Mulls Acquisitions
Sep 9 15
Symantec Corporation (NasdaqGS:SYMC) is seeking acquisitions. Executive Vice President and Chief Financial Officer, Thomas Seifart said: "We are confident that we can keep the guided margin at the mid-point around 53%. Long term, moving forward, there's a lot of momentum from the cost initiatives that we drove last year and are still driving that makes us feel confident that most of what we access capability we generate is getting really reinvested now into a better customer experience, making sure that we explore all opportunities around direct acquisition, and also exploring some of the exciting opportunities that we think are out there for Norton to take."
Symantec Corporation Presents at Citi's 2015 Global Technology Conference, Sep-09-2015 08:45 AM
Aug 17 15
Symantec Corporation Presents at Citi's 2015 Global Technology Conference, Sep-09-2015 08:45 AM. Venue: Hilton New York Hotel, 1335 Avenue of the Americas, New York, NY 10019, United States. Speakers: Thomas J. Seifert, Chief Financial Officer and Executive Vice President.
Symantec Declares Quarterly Cash Dividend, Payable on September 16, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 3, 2015; Provides Earnings Guidance for the Second Quarter Ending October 2, 2015 and Full Year Ending April 1, 2016
Aug 11 15
Symantec's Board of Directors has declared a quarterly cash dividend of $0.15 per common share to be paid on September 16, 2015 to all shareholders of record as of the close of business on August 26, 2015. The ex-dividend date will be August 24, 2015.
The company reported unaudited consolidated earnings results for the first quarter ended July 3, 2015. For the quarter, the company reported total net revenue was $1,499 million against $1,735 million a year ago. Operating income was $201 million against $322 million a year ago. Income before income taxes was $173 million against $305 million a year ago. Net income was $117 million against $236 million a year ago. Net income per share -- diluted was $0.17 against $0.34 a year ago. Net cash provided by operating activities was $300 million against $293 million a year ago. Purchases of property and equipment were $78 million against $92 million a year ago. Non-GAAP operating income was $410 million against $427 million a year ago. Non-GAAP net income was $275 million against $313 million a year ago. Non-GAAP net income per share -- diluted was $0.40 against $0.45 a year ago. CFFO was $300 million against $293 million a year ago.
For the year ending April 1, 2016, the company expected revenue in a range of $6,210 to $6,350 million, GAAP operating margin in a range of 14.5% - 15.5%, non-GAAP operating margin in a range of 29.0% - 30.0%, GAAP diluted earnings per share range in a range of $0.86 - $0.96, non-GAAP diluted earnings per share range in a range of $1.80 - $1.90. Tax rate of 27.5%.
For the second quarter ending October 2, 2015, the company expected revenue in a range of $1,485 to $1,525 million, GAAP operating margin in a range of 13.0% - 15.0%, non-GAAP operating margin in a range of 26.0% - 28.0%, GAAP diluted earnings per share range in a range of $0.19 - $0.22, non-GAAP diluted earnings per share range in a range of $0.40 - $0.43. Tax rate of 24.0%.