Symantec Provides Update on Expected Third Quarter Results

Anticipates Revenue, Non-GAAP Operating Margin and Diluted EPS Above Midpoint of Previous Guidance

MOUNTAIN VIEW, Calif.--()--Symantec Corp. (NASDAQ:SYMC) today provided an update on expected results for the third fiscal quarter of 2016. The Company anticipates that it will report GAAP Revenue, Non-GAAP Operating Margin and Non-GAAP diluted EPS for the third fiscal quarter of 2016 that are above the midpoint of the guidance provided in its press release dated November 5, 2015.

That guidance, and these views on anticipated results for the third quarter, exclude the operations of Symantec’s Veritas information management business. Symantec is filing with the Securities and Exchange Commission a Form 8-K setting forth certain information regarding the preliminary operating results of Veritas for the quarter ended January 1, 2016.

These views on anticipated results for the third quarter of fiscal year 2016 are based on management’s initial review of operations for the third quarter ended January 1, 2016 and are subject to the completion of Symantec's customary quarterly closing and review procedure. Symantec will announce the results of its fiscal third quarter on Thursday, February 4, 2016.

About Symantec

Symantec Corporation (NASDAQ:SYMC) is the global leader in cybersecurity. Operating one of the world’s largest cyber intelligence networks, we see more threats, and protect more customers from the next generation of attacks. We help companies, governments and individuals secure their most important data wherever it lives.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Forward-Looking Statements

This press release contains forward looking statements regarding the Company’s expected operating results for the third quarter of fiscal 2016 ended January 1, 2016. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from results expressed or implied herein. Such risk factors include the results of the Company’s completion of the financial closing process for the third quarter operating results and financial condition. The Company assumes no obligation, and does not intend, to update these forward-looking statements prior to reporting its third quarter results. Additional information concerning risks that could cause actual results to differ from current expectations is contained in Risk Factors, set forth in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended April 3, 2015.

Contacts

Symantec Corp.
MEDIA:
Kristen Batch, 503-516-6297
kristen_batch@symantec.com
or
INVESTORS:
Jonathan Doros, 650-527-5523
jonathan_doros@symantec.com

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