Symantec Corporation – Company Overview
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| Company | Symantec Corporation |
| Headquarters | 350 Ellis Street, Mountain View, California, USA |
| CEO | Michael A. Brown |
| CFO | Thomas J. Seifert |
| Industry | Software |
| Type | Public |
| Founder | Gary Hendrix |
| Founded | 1982 |
| NYSE stock symbol | SYMC |
| Net revenue | $6,508 million USD (2015) |
| Operating income | $1,149 million USD (2015) |
| Net income | $878 million USD (2015) |
| Employees | 19,000 (2015) |
| Website | https://www.symantec.com/ |
| IR contact number | 650.527.5523 |
Symantec Corporation is one of the leading software companies in the world (particularly in security software solutions). Its global headquarters are in Mountain View, California.
The company focuses on providing security, storage and systems management solutions to protect information for millions of corporate and individual customers (in over 48 countries).
It has more than 1900 global patents and is ranked at 379 on the Fortune 500 list.
Symantec is comprised of four main business segments: consumer, endpoint security, storage management and backup.
The company was founded by a group of visionary computer scientists in 1982. Originally Symantec focused on database query and report generation – with their natural language system called “The Intelligent Assistant”.
In 1989 Symantec went public and has its IPO. A year later a merger with Peter Norton Computing was announced. Since the merger Symantec has marketed many of its products (including its consumer antivirus and data management utilities) under the Norton brand name.
According to Symantec, the company has a “unique focus is to eliminate risks to information, technology and processes independent of the device, platform, interaction or location.”
Symantec Corporation – Products and Services
Symantec provides its clients with software to prevent data loss, provide security, in addition to backup and recovery solutions.
The company’s product families are: Archiving & eDiscovery, Backup Exec, Code Signing, Control Compliance Suite, Data Loss and Compliance, DeepSight Security Intelligence, Email Security, Encryption (PGP), Endpoint Management (Altiris), Endpoint Protection, Managed Security Services, Mobile Security and Management, NetBackup, Norton (Consumer Products), Protection Suit, SSL Certificates, Storage Foundation High Availability, Symantec.cloud, System Recovery, and User Authentication.
Symantec Corporation – Financial Results
| Key figures (in millions of USD) | 2015* | 2014* |
| Net revenue | $6,508 | $6,676 |
| Gross profit | $5,355 | $5,527 |
| Operating income | $1,149 | $1,183 |
| Net earnings | $878 | $898 |
| Total assets | $13,233 | $13,539 |
| Cash and cash equivalents at beginning of period | $3,707 | $4,685 |
| Cash and cash equivalents at end of period | $2,874 | $3,707 |
*For the years ended April 3, 2015 and March 28, 2014
Source: “Symantec Corporation – 2015 Form 10-K”
News about Symantec Corporation reported by our Market Business News team
April 13, 2016: Over 500 million digital identities exposed or stolen in 2015, Symantec says