Reported about 5 hours ago
Gen Digital reported better-than-expected third-quarter revenue and profit, driven by a spike in demand for its cybersecurity tools amid rising digital threats. The company's revenue for the quarter reached $986 million, exceeding estimates, with an adjusted profit per share of 56 cents. As companies integrate AI technologies, the need for advanced cybersecurity solutions becomes critical, prompting Gen Digital to also acquire fintech firm MoneyLion to enhance its offerings. For the upcoming quarter, the company projects revenue between $990 million and $1.01 billion.
Source: YAHOO