Symantec reports smaller quarterly loss

FAN Editor
FILE PHOTO: Illustration photo of a Symantec security app on a phone
FILE PHOTO: A Symantec security app is seen on a phone in this illustration photo taken May 23, 2017. REUTERS/Thomas White/Illustration/File Photo

May 10, 2018

(Reuters) – Symantec Corp reported a smaller loss on Thursday as the cyber security company benefited from strong demand for its products from enterprise customers.

Net loss narrowed to $35 million, or 6 cents per share, in the fourth quarter ended March 30, from $143 million, or 23 cents per share, a year earlier.

Revenue rose to $1.22 billion from $1.12 billion.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Shounak Dasgupta)

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