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Symantec Analyst Relations

Symantec Reports Record June Quarter Revenue and Non-GAAP EPS

Created: 30 Jul 2013
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Happy July 30th.

In case you missed it, Symantec just published its June quarter earnings (our fiscal first quarter).   I've included the highlights below plus a link to the full press release. If you're interested and in the right time zone, there's also information on our earnings conference, which happens at 2 p.m. Pacific today (July 30th). If you can't make the earnings conference and want to hear what's said, we typically publish a link to a replay of the conference, plus related financial information on our Investor Relations Page at

Conference Call

Symantec has scheduled a conference call for 5 p.m. ET/2 p.m. PT today to discuss the results of its fiscal first quarter 2014, ended June 28, 2013 and to review guidance. Interested parties may access the conference call on the Internet at To listen to the live call, please go to the website at least 15 minutes early to register, download and install any necessary audio software. A replay and script of our officers’ remarks will be available on the investor relations’ home page shortly after the call is completed.

Link, Highlights and Short Excerpt of News Release

Symantec Reports Record June Quarter Revenue and Non-GAAP EPS

Organic FX adjusted revenue grew 3%

Non-GAAP operating margin expanded to 25.3%

Non-GAAP EPS of $0.44 grew 7%

MOUNTAIN VIEW, Calif. – July 30, 2013 – Symantec Corp. (Nasdaq: SYMC) today reported the results of its first quarter of fiscal year 2014, ended June 28, 2013. GAAP revenue for the fiscal first quarter was $1.71 billion, up 2 percent year-over-year and up 3 percent after adjusting for currency.

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"I’m proud of the team’s performance despite the ongoing work to right-size and transform the company. I’m also pleased that we delivered better than expected results," said Steve Bennett, president and chief executive officer, Symantec. "While the hard work is just beginning, I’m confident we have the right team in place to execute our multi-year roadmaps, implement our critical go-to-market changes and continue to make progress on our successful transformation."

"We achieved better than expected results driven by strength in our backup, information security and endpoint security businesses," said James Beer, executive vice president and chief financial officer, Symantec. "During a period of planning and significant resource reallocation, we executed well and grew organic revenue by 3 percent. The magnitude of change we are undertaking is substantial and so as we move increasingly into the implementation phase of our transformation, we remain cautious on our outlook for the coming quarter."