SYDNEY, Australia. – January 24, 2013 – Symantec Corp. (Nasdaq: SYMC) today reported the results of its third quarter of fiscal year 2013, ended Dec. 28, 2012. GAAP revenue for the fiscal third quarter was $1.79 billion, up 4 percent year-over-year and up 5 percent after adjusting for currency.

“We continue to deliver better than expected results,” said Steve Bennett, president and chief executive officer, Symantec. “I’m so proud of our employees. These types of results don’t happen by accident. The fact that we can deliver these results in a period of significant transition and uncertainty is a testament to our employees, the strength of our brand, the quality of our products and the scope of our customer base.”

“Strength in EMEA, information management and license revenue drove our FX adjusted organic revenue growth of 4%,” said James Beer, executive vice president and chief financial officer, Symantec. “Our better than expected top line growth coupled with disciplined expense management drove non-GAAP operating margins of 25.6% even as we are investing in certain areas to better serve our customer needs.”

GAAP Results for third quarter of fiscal year 2013

• GAAP      operating margin was 16.6 percent compared with 17.5 percent for the same      quarter last year, down 90 basis points year-over-year.
• GAAP      net income was $212 million compared with net income of $240 million for      the year-ago period, down 12 percent year-over-year.
• GAAP      diluted earnings per share were $0.30 compared with $0.32 for the year ago      quarter, down 6 percent year-over-year.
• GAAP      deferred revenue was $3.806 billion compared with $3.665 billion for the      year ago quarter, up 4 percent year-over-year on an actual and      currency-adjusted basis.
• Cash      flow from operating activities was $463 million compared with $403 million      for the year ago period, up 15 percent year-over-year.
• Symantec      ended the quarter with cash, cash equivalents and short-term investments      of $4.25 billion. During the quarter, Symantec repurchased 11 million      shares for $200 million at an average price of $17.94. Symantec has $283      million remaining in the current board authorised stock repurchase plan.

Non-GAAP Results for third quarter of fiscal year 2013

• Non-GAAP      operating margin was 25.6 percent compared with 26.2 percent for the same      quarter last year, down 60 basis points year-over-year and down 80 basis      points after adjusting for currency, due to increased investment in      certain areas to better serve our customer needs.
• Non-GAAP      net income was $313 million compared to $314 million for the same quarter      last year.
• Non-GAAP      diluted earnings per share were $0.45 compared with earnings per share of      $0.42 for the year-ago quarter, up 7 percent year-over-year.

Business Segment Highlights for the Quarter

• The      Consumer segment represented 30 percent of total revenue and increased 1      percent year-over-year (increased 2 percent after adjusting for currency).
• The      Security and Compliance segment represented 29 percent of total revenue      and increased 3 percent year-over-year (increased 4 percent after      adjusting for currency).
• The      Storage and Server Management segment represented 37 percent of total      revenue and increased 8 percent year-over-year (increased 9 percent after      adjusting for currency).
• Services      represented 4 percent of total revenue and increased 10 percent      year-over-year (increased 9 percent after adjusting for currency).

Geographic Highlights for the Quarter

• International      revenue represented 52 percent of total revenue and increased 6 percent      year-over-year (increased 8 percent after adjusting for currency).
• The      Europe, Middle East and Africa region represented 28 percent of total      revenue and increased 6 percent year-over-year (increased 10 percent after      adjusting for currency).
• Asia      Pacific/Japan revenue represented 19 percent of total revenue and      increased 7 percent year-over-year (increased 6 percent after adjusting      for currency).
• The      Americas, including the United States, Latin America and Canada,      represented 53 percent of total revenue and increased 3 percent      year-over-year on an actual and currency-adjusted basis.

Webcast
Symantec ran a Webcast from 4:30 p.m. ET/1:30 p.m. PT to 6:30 p.m. ET/3:30 p.m. PT (8:30 a.m. to 10:30 a.am. AEST) today to discuss the Company’s strategic direction, operational plan, capital allocation strategy and financial results, including guidance. To view the corresponding presentation, please go to http://www.symantec.com/invest . A replay of the webcast including presentation will be available within 24 hours after the event.

About Symantec
Symantec protects the world’s information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment – from the smallest mobile device, to the enterprise data centre, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.