Gen Digital reports Q2 non-GAAP EPS 47c, consensus 47c

Reports Q2 revenue $948M, consensus $945.1M. “We created Gen just one year ago, knowing that NortonLifeLock and Avast together would be the company to deliver Cyber Safety to everyone. Our digital lives keep expanding and, unfortunately, cyber threats do too. With our integrated platform and technology, our global reach directly or through partners, and our commitment to serve and win, Gen is best positioned to lead this dynamic and expanding market,” said Vincent Pilette, CEO. “Every day we focus on meeting the needs of consumers, executing with discipline, and we won’t rest until we deliver Digital Freedom to everyone.” “Our Q2 results demonstrate the Gen team’s consistent commitment to driving sustainable and profitable growth,” said Natalie Derse, CFO. “In Q2 we returned to sequential customer count growth up 380,000 while we also grew ARPU and improved retention. We see a great opportunity to continue this momentum, further extending our market leadership in Cyber Safety and driving significant value for our customers and shareholders.”