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Inside Symantec’s Efforts to Boost Its Profit Margins

Scarlett Ness
Inside Symantec’s Efforts to Boost Its Profit Margins

In the fiscal first quarter of 2019, Symantec (SYMC) delivered an adjusted operating income of $313 million, down 17% from the $377 million it reported in the previous year’s quarter. Its adjusted operating margin also contracted 370 basis points to 27.0% in the quarter. The company expects to see a non-GAAP (generally accepted accounting principles) operating margin of 30% in fiscal 2019, which is at the lower end of its previous guidance range of 30%–32% for fiscal 2019.