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NortonLifeLock closes 3rd quarter with 334 thousand new customers

 

NortonLifeLock, current name of the former Symantec, yesterday released the results for the third quarter of fiscal year 2021, which ended on January 1, 2021. The company recorded revenue of US $ 639 million, which represents an increase of 6% compared to the previous period. The operating margin was 51.0%, with an increase of 14.8 points. The number of direct customers reached 21.0 million, with more than 876 thousand in the period of one year. In the quarter, growth was 334 thousand users.

For the fourth quarter, the company expects revenue in the range of $ 655 million to $ 665 million.

“Our vision to protect and empower everyone to live their digital lives safely has never been more relevant than today,” said CEO Vincent Pilette in a statement. “Consumers are seeing the value of cybersecurity with almost 60% of our customers using Norton 360. We are accelerating our investments in new products and customer experiences that are driving our growth momentum, and with the acquisition of Avira, we are only starting”.

Billing reported by the consumer in the quarter reached US $ 700 million, an increase of 10%. Average revenue per user was $ 9.10 per month, an increase of 1%.

NortonLifeLock also said that its board of directors declared a quarterly cash dividend of $ 0.125 per common share to be paid on March 17.

With international agencies

See the original post at: https://www.cisoadvisor.com.br/nortonlifelock-fecha-3o-trimestre-com-334-mil-novos-clientes/?rand=59039

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