Analyst Commentary

Symantec divested, acquired and integrated to build positive momentum in 2Q17

Symantec’s revenue increased 32.9% year-to-year to $1.2 billion, buoyed by its recent flurry of acquisitions. TBR believes the acquisitions of Skycure and Fireglass will supplement revenue gains in the coming quarter. The consolidation of go-to-market efforts and the integration of recently acquired assets reinforced positive performance for the vendor during CY2Q17. Symantec’s enterprise security revenues contributed 55% of revenue in CY2Q17 and increased 34.3% year-to-year, while its consumer digital safety revenue increased 31.3% year-to-yea...

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