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Wednesday, May 2, 2012

Earning Alert - Symantec (SYMC): FQ4 EPS of $0.38 in-line. Revenue of $1.68B (flat Y/Y) in-line - 5/2/12

Symantec (SYMC): FQ4 EPS of $0.38 in-line. Revenue of $1.68B (flat Y/Y) in-line .

Symantec's FQ4: Deferred revenue reached $3.97B +8% Q/Q. Consumer sales only rose 2% Y/Y, while the storage/server management software unit, which is facing touch competition from CommVault, EMC, and others, reported a 6% drop. Enterprise security software was relatively healthy, +8%. Symantec expects FQ1 revenue of $1.645B-$1.66B and EPS of $0.37-$0.38, largely below a consensus of $1.66B and $0.39. SYMC +1.6% AH

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