Analyst Commentary

Symantec’s 1Q18 revenue indicates transitions are paying off, but are still in progress

In 1Q18 Symantec’s revenue increased 9.6% year-to-year to $1.2 billion, as the company continues to benefit from its growing customer base due to past acquisition activity. Revenue gains from Symantec’s Consumer Digital Safety segment were a key driver of overall revenue growth. Although performance was positive, TBR believes Symantec is in transition in terms of its business model, as are many other companies. This was reflected in the unfavorable year-to-year performance of the vendor’s Enterprise Security segment. However, Symantec state...

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