Symantec Profit Rises on Demand for Norton
From Reuters
Symantec Corp., the world’s largest security software maker, Wednesday posted a 3% rise in fiscal fourth-quarter profit led by demand for its Norton AntiVirus software, and gave a current-quarter outlook above Wall Street consensus estimates.
The Cupertino, Calif.-based company, whose stock slipped slightly in after-hours trading, said net income rose to $120 million, or 16 cents a share, from $117 million, or 16 cents, a year earlier. Revenue rose 29% to $713 million from $556 million a year earlier.
