Symantec

(Symantec)

Symantec Profit Tops Estimates on Demand for Security Products

Earnings Reuters

Symantec Corp (SYMC), best known for its Norton antivirus software, reported a better-than-expected profit, helped by higher demand for its cyber security products.

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The company's net income rose to $244 million, or 35 cents per share, in the second quarter ended Oct. 3, from $241 million, or 34 cents per share, a year earlier.

Excluding items, the company earned 48 cents per share.

Symantec, whose security products usually come bundled with PCs, said revenue fell marginally to $1.62 billion.

Analysts had expected a profit of 43 cents per share on revenue of $1.62 billion, according to Thomson Reuters I/B/E/S.

(Reporting By Sai Sachin R in Bangalore; Editing by Saumyadeb Chakrabarty)