Symantec Corp. has reported the results of its first quarter of fiscal year 2012, ended July 1, 2011. GAAP revenue for the fiscal first quarter was $1.653 billion, up 15 per cent year-over-year and up 9 per cent after adjusting for currency.
"The current threat landscape continues to be toxic and targeted. In addition, information is growing at unprecedented rates. As a result, customers increasingly understand the value of our unique portfolio and are expanding their commitment to Symantec. For the fourth consecutive quarter, we exceeded all of our key financial metrics," said Enrique Salem, President & Chief Executive Officer, Symantec. "We are capitalizing on new growth opportunities in cloud, mobile and virtualization and will continue to deliver new solutions to help both consumers and enterprises securely access and use information across multiple devices and platforms."
GAAP deferred revenue as of July 1, 2011, was $3.689 billion compared with $2.998 billion as of July 2, 2010, up 23 per cent year-over-year and up 17 per cent after adjusting for currency. Cash flow from operating activities for the first quarter of fiscal year 2012 was $503 million compared with $335 million for the year-ago period, an increase of 50 per cent year-over-year. Symantec ended the quarter with cash, cash equivalents and short-term investments of $2.297 billion.
