Symantec profit rises as new CEO conducts strategic review

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BOSTON |
Wed Oct 24, 2012 4:26pm EDT

BOSTON (Reuters) – Symantec Corp, the top maker of computer security software, reported a 6 percent jump in quarterly profit as its new chief executive conducted a strategic review of the company’s operations after his predecessor’s firing in July.

The company, which has seen its stock languish for years, reported net income attributable to Symantec shareholders of $193 million, or 27 cents per share, for its fiscal second quarter, ended Sept 28, compared with $182 million, or 24 cents a year earlier when there were more shares outstanding.

Revenue rose 1 percent from a year earlier to $1.7 billion.

(This story corrects to show quarterly profit rose, not fell. Corrects revenue and profit figures.)

(Reporting by Jim Finkle; Editing by Leslie Gevirtz)

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