This was originally published at ZDNet's Between the Lines.
Symantec's fiscal first quarter fell short of expectations as corporate customers opted for shorter-term maintenance and license renewals.
The company, which makes security and storage software, reported first-quarter net income of $73 million, or 9 cents a share, down from $172 million, or 20 cents a share a year ago (statement). On a non-GAAP basis, Symantec reported first-quarter earnings of $285 million, or 34 cents a share. Wall Street was expecting 35 cents a share. Symantec's revenue for the first quarter was $1.43 billion, down 13 percent … Read more