Symantec posts higher fiscal 1st-qtr income but sees ‘continued cautiousness’ in IT spending

July 29th, 2010 by admin Leave a reply »

Symantec fiscal 1Q net income more than doubles

MOUNTAIN VIEW, Calif. — Symantec Corp. said Wednesday that its fiscal first-quarter net income more than doubled, but revenue missed Wall Street’s expectations in part because corporate customers were still cautious about spending on technology.
Symantec also projected fiscal second-quarter results below analyst estimates, and investors sent shares of …. Source article on Gaea Times at  : Symantec posts higher fiscal 1st-qtr income but sees ‘continued cautiousness’ in IT spending.

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