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More on Symantec's FQ3: Growth was driven by a 17% Y/Y increase in enterprise security software...

Jan. 25, 2012 4:30 PM ETGen Digital Inc. (GEN) StockGENBy: Eric Jhonsa, SA News Editor

More on Symantec's FQ3: Growth was driven by a 17% Y/Y increase in enterprise security software sales, but held back by a 13% drop in services revenue, thanks to an ongoing business model shift. Symantec is authorizing a new $1B stock buyback, increasing its total authorization to $1.2B. Deferred revenue rose 8% Y/Y and 6% Q/Q to $3.67B. However, operating cash flow fell 12% Y/Y, to $403M. SYMC +0.5% AH. (PR)

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