Symantec 4th-qtr profit rises 14 pct

Fri May 9, 2014 1:44am IST

Related Topics



May 8 (Reuters) - Antivirus and security software maker Symantec Corp reported a 14 percent rise in quarterly profit, helped by cost cutting as it adjusts to falling PC sales.

Net income attributable to the company rose to $217 million, or 31 cents per share, in the quarter ended March 28, from $190 million, or 27 cents per share, a year ago.

Revenue fell 7 percent to $1.63 billion in the fourth quarter from $1.75 billion a year earlier. (Reporting by Soham Chatterjee; Editing by Rodney Joyce)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.