Gen Digital Inc. ( (GEN) ) has realeased its Q2 earnings. Here is a breakdown of the information Gen Digital Inc. presented to its investors.
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Gen Digital Inc., a prominent player in cybersecurity, focuses on providing digital freedom through its range of cyber safety products including Norton, Avast, and LifeLock, serving nearly 500 million users across over 150 countries.
In its latest quarterly earnings report, Gen Digital Inc. announced a revenue increase of 3% year-over-year to $974 million for the second quarter of fiscal year 2025, reflecting strong bookings and a growing customer base. The company has also raised its annual guidance amidst this growth.
Key financial metrics from the report included a substantial rise in operating income, which jumped 1,727% to $402 million, and a notable increase in operating cash flow by 26% to $158 million. Additionally, the company’s diluted earnings per share (EPS) rose by 13% to $0.26 on a GAAP basis and by 16% to $0.54 on a non-GAAP basis. Gen Digital’s strategic focus on customer needs and long-term growth appears to be yielding positive results.
The company continues to align its strategic investments with customer demands, aiming for sustained profitable growth. Non-GAAP revenue projections for the next quarter are set between $980 million to $990 million, with EPS expected to be in the range of $0.54 to $0.56. Furthermore, Gen Digital’s board has approved a regular quarterly cash dividend, reflecting confidence in its ongoing financial strength.
Going forward, Gen Digital’s management remains optimistic about delivering sustainable value to its stakeholders, supported by a robust financial framework and strategic initiatives that cater to evolving digital safety needs.
