Symantec Q2'17 Earnings: Synergies From Blue Coat Helps The Company Beat Its Guidance

Symantec Q2’17 Earnings: Synergies From Blue Coat Helps The Company Beat Its Guidance

The world leader in security software, Symantec released its Q2’17 earnings on November 3rd. (Fiscal years end with March.) The company exceeded its revenues and non-GAAP EPS guidance thanks to the acquisition of Blue Cost last quarter. On the other hand Symantec’s GAAP EPS went negative as expected because two-thirds of Blue Coat’s costs were incorporated in the company’s income statement with only around 50% of its revenues. In line with the previous trend, growth in the quarter was led by continued expansion in the enterprise security market as the consumer security business continued to decline, though at a lower pace. The two key highlights from Q2 are that: 1) the decline in consumer security market has slowed down as Symantec focuses on a turnaround in this division; and, 2)…


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