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For its second fiscal quarter of 2012, Symantec reported GAAP revenue of $1.699 billion, up 1 percent over the actual revenue of $1.681 billion reported last year, and up 5 percent when adjusted for currency changes. That beat Wall Street estimates of $1.66 billion.
GAAP income for the quarter increased to $193 million, or 27 cents per share, up from $182 million, or 24 cents per share during the year-ago quarter.
Non-GAAP income was reported at $322 million, up 9 percent over last year's $295 million. That translated to 45 cents per share, up 15 percent from last year's 39 cents per share.
Symantec's security and services business fared fairly well during the second quarter, but its storage and consumer business fell year-over-year compared to last year.
Revenue from Symantec's security business rose 6 percent to $512 million, while its security business rose nearly 2 percent to $64 million.
However, the company's storage and server management business fell nearly 2 percent to $595 million, while its consumer business slipped less than 1 percent to $528 million.
Symantec's Bennett in the Seeking Alpha transcript said during the call that it is hard to know what to expect after a company announces an unplanned CEO change, as happened with Symantec in July.
"I'm pleased to report that the team stepped up during this transition," he said. "While working on our plan to change and improve the company for our customers, employees, partners and shareholders, we executed well in the second quarter, delivering better-than-expected financial results. While the team focused on delivering in the current quarter, we are also working on creating value over a longer term time horizon."
Symantec's share prices on Thursday rose 6.7 percent to $18.54.
PUBLISHED OCT. 25, 2012
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