Analyst Commentary

Symantec achieves highest revenue growth in over a decade



Symantec achieved 27% year-to-year GAAP revenue growth — its strongest growth rate in over a decade and an astounding accomplishment for a vendor of this size. In CY1Q17 pure play security vendor Symantec reported $1.115 billion in revenue, compared to $873 million in 1Q16. Symantec’s 3Q16 acquisition of enterprise security vendor Blue Coat and its 1Q17 acquisition of consumer security vendor LifeLock contributed substantially to the vendor’s growth. Aside from these acquisitions, Symantec’s organic revenue growth was relatively flat compared t...

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