Symantec revenue dips 7% to $1,498 million in Q2

Symantec marketshare in security
Symantec said its revenue fell 7 percent to $1,498 million in second quarter of fiscal 2016, ended October 2, 2015.

Net income of Symantec dipped 36 percent to $156 million.

“We continue to increase our momentum as the global leader in cybersecurity. We drove growth in Enterprise Security for the second consecutive quarter, partly due to a 10 percent revenue increase in Information Protection solutions including another record quarter for DLP,” said Michael A. Brown, president and CEO of Symantec.

Symantec aims to deliver more than a dozen new products and services over the next three quarters.

Symantec said $420 million (-13 percent) revenue came from Consumer Security, $485 million (-5 percent) from Enterprise Security and $593 million (-5 percent) from Information Management.

$717 million (-15 percent) came from international, $781 million (+1 percent) from the U.S., $866 million (-2 percent) from Americas (U.S., Latin America, Canada), $387 million (-15 percent) from EMEA and $245 million (-12 percent) from Asia Pacific & Japan, said Symantec in a statement.

Symantec is expecting 5 percent drop in revenue to $890 million – $920 million in Q3 fiscal 2016.

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