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10 Reasons Symantec Execs Say The Future Is Bright

Symantec executives say the company is eliminating redundant positions, separating the sales force to focus on storage and security businesses, and developing new products and services.

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Light At End Of Tunnel For Symantec

Symantec executives told Wall Street this week that the company is making progress separating into distinct storage and security businesses. The company moved up its timeline for the separation from December to October. In the company’s fiscal third-quarter results this week, Symantec CEO Michael Brown said a revenue decline in the company’s enterprise and consumer security businesses was largely due to its withdrawal from unprofitable OEM and retail sales models.

Brown said the company’s total amount of business was up 3 percent year over year and that deals more than $300,000 grew 21 percent. Bright spots remain in Symantec's enterprise backup and appliances business. In security, data loss prevention and endpoint protection were key as well. Despite the turmoil around the separation, Brown and Symantec CFO Thomas Seifert laid out 10 reasons why there is a bright future ahead for both its security and data management businesses.

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