Gen Digital’s average direct customer count increased to 38.6 million from 24 million in the year-ago quarter. The quarterly bookings increased 6% on a year-over-year basis to $719 million.
The continued stabilization of the direct customer count was an upside. The monthly direct average revenue per user decreased to $6.98 from $8.63 in the year-ago quarter. Partner revenues improved by 16% to $74 million from the $64 million reported a year ago. The international business expansion contributed to the quarterly results.ĭirect customer revenues increased to $660 million from the $619 million reported in the year-ago quarter. Revenues were primarily driven by improved customer experiences. Constant currency-adjusted revenues on a non-GAAP basis were $779 million, 12% higher than the year-ago quarter’s reported figure. The company’s quarterly non-GAAP revenues increased 8% year over year to $748 million, which surpassed the Zacks Consensus Estimate of $699.7 million. The bottom line improved by 5% from the year-ago quarter’s earnings of 43 cents per share. The newly named company unites trusted consumer safety brands, including Norton, Avast, LifeLock, AVG, Avira, CCleaner and ReputationDefender.Ĭoming to the second-quarter performance, Gen Digital reported non-GAAP earnings of 45 cents per share, which matched the Zacks Consensus Estimate. NortonLifeLock changed its name and ticker symbol, effective from Nov 8, 2022, following the completed merger of NortonLifeLock and Avast Plc. and was trading under the NLOK ticker symbol. Gen Digital was formerly known as NortonLifeLock Inc. Moreover, the top and bottom lines marked a year-over-year improvement.
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