Symantec Reports Solid Q1 2013 With GAAP Revenue Was $1.668 Billion, EPS Was $0.24

Posted on Jul 25 2012 - 3:05pm by Editorial Staff

The security software company Symantec today reported its first quarter of fiscal year 2013 results, ended June 29, 2012. The company reported GAAP revenue of $1.668 billion, up 1 percent year-over-year while Non-GAAP operating margin was of 26.1%. Non-GAAP earnings per share were of $0.43 and GAAP deferred revenue was of $3.745. The cash flow from operations was of $340 million.

GAAP operating margin was 16.1 percent compared with 18.3 percent for the same quarter last year. GAAP net income for the fiscal first quarter was $172 million compared with net income of $191 million for the year-ago period. GAAP diluted earnings per share were $0.24 compared with $0.25 for the year ago quarter.

Non-GAAP operating margin was 26.1 percent compared with 27.0 percent for the same quarter last year. Non-GAAP net income for the first quarter was $309 million, flat compared to the year-ago period. Non-GAAP diluted earnings per share were $0.43 compared with earnings per share of $0.40 for the year-ago quarter, an increase of 7 percent year-over-year.

“Symantec delivered another solid quarter. The company’s investment in cloud security and mobility continues to gain momentum and position us well worldwide,” said Steve Bennett, chairman, president and chief executive officer, Symantec. “We are making progress on many fronts, but believe we can further accelerate the company’s value to employees, customers, partners and shareholders.”

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