Symantec Reports Third Quarter Fiscal Year 2016 Results
MOUNTAIN VIEW, Calif. – February 4, 2016 – Symantec Corp. (NASDAQ: SYMC) today reported the results of its third quarter of fiscal year 2016, ended January 1, 2016.
Symantec Announces $500 Million Strategic Investment by Silver Lake, Symantec’s Total Capital Return Program Increased to $5.5 Billion
MOUNTAIN VIEW, Calif. and MENLO PARK, Calif. – February 4, 2016 – Symantec Corp. (NASDAQ: SYMC) (“Symantec”) and Silver Lake, the global leader in technology investing, today announced that Silver Lake will make a $500 million strategic investment in Symantec. In connection with Silver Lake’s investment, the Symantec Board has increased the Company’s total capital return program to $5.5 billion. Through this capital return, Symantec will return to its shareholders funds representing all of the after-tax cash proceeds from the recent sale of Veritas.
Symantec Completes Sale of Veritas, Now Singularly Focused on Cybersecurity
MOUNTAIN VIEW, Calif. – January 29, 2016 – Symantec Corp. (NASDAQ: SYMC) today announced that it has completed the sale of Veritas to a group of investors led by The Carlyle Group. In connection with the closing of the transaction, Symantec received approximately $5.3 billion in after-tax cash proceeds.
Symantec Provides Update on Expected Third Quarter Results
MOUNTAIN VIEW, Calif. – January 19, 2016 –Symantec Corp. (NASDAQ: SYMC) today provided an update on expected results for the third fiscal quarter of 2016. The Company anticipates that it will report GAAP Revenue, Non-GAAP Operating Margin and Non-GAAP diluted EPS for the third fiscal quarter of 2016 that are above the midpoint of the guidance provided in its press release dated November 5, 2015.
Symantec and The Carlyle Group Amend Terms of Veritas Purchase Agreement
MOUNTAIN VIEW, Calif. & WASHINGTON, DC – January 19, 2016 –Symantec Corp. (NASDAQ: SYMC) and The Carlyle Group (NASDAQ: CG) today announced that they have amended the purchase agreement for Carlyle’s acquisition of Symantec’s Veritas information management business. Under the amended terms, the purchase price will be $7.4 billion.
Symantec to Webcast Quarterly Earnings Call
January 4, 2016 – Symantec Corp. (NASDAQ: SYMC) will webcast its quarterly earnings conference call on Thursday, February 4, at 5 p.m. ET / 2 p.m. PT to discuss the results of its fiscal third quarter, which ended January 1, 2016.