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2018 Press Releases

May 14, 2018

Symantec Reports Fiscal Fourth Quarter and Full Year 2018 Results

Symantec Corp. today reported results for its fourth quarter and full fiscal year 2018 ended March 30, 2018.
 
Financial Highlights
 

  • Q4 GAAP revenue $1.222 billion, up 10% year-over-year; non-GAAP revenue $1.234 billion, up 5% year-over-year

  • Fiscal year 2018 GAAP revenue $4.846 billion, up 21% year-over-year; non-GAAP revenue $4.972 billion, up 19% year-over-year

  • Enterprise Security and Consumer Digital Safety business achieved GAAP and non-GAAP revenue above guidance for both Q4 and fiscal year 2018

  • Cash flow from operating activities for fiscal year 2018 was $950 million

 
 “We are pleased with our fourth quarter results,” said Greg Clark, Symantec CEO. “We had strong performance in our Enterprise Security and our Consumer Digital Safety segments as our solutions across both businesses drove increased adoption. Our customers recognize the superior protection, cross-product integration and the lower overall cost of ownership of our Integrated Cyber Defense platform. This is driving the growth in implied billings as we continue to close larger deals with multi-product platform sales. In Consumer Digital Safety, growth was driven by increased average revenue per user, retention rates and consumer digital safety adoption. We are on track to launch additional Consumer Digital Safety integrated offerings in fiscal 2019.”
 
To help readers understand our past financial performance and our future results, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP financial measures. The methods we use to produce non-GAAP results are not in accordance with GAAP and may differ from the methods used by other companies. Additional information regarding our non-GAAP measures is provided below.