Gen Digital Q2 FY23 revenue $748M, +8% YoY; boosts Avast synergies to $300M+

Gen Digital Inc.

2023-Q2 EPS reported $0.45 revenue$1,455,000,000

GAAP revenue $748M, up 8% YoY; GAAP diluted EPS $0.12 (prior year $0.56 including $175M building gain).
Non-GAAP diluted EPS $0.45, up 5% YoY; bookings $719M, up 6% USD.
Avast acquisition cost synergies increased to $300M+ annually, integration timeline shortened to 18 months.
Q3 FY23 guidance: revenue $925-940M, non-GAAP EPS $0.42-0.45, reflecting first full Avast quarter.
Quarterly dividend declared at $0.125/share, payable Dec 14, 2022 to holders of record Nov 21.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gen Digital Inc. reported the second quarter ended September 30, 2022 results: revenue $748 million, EPS $0.12.

Period: the second quarter ended September 30, 2022
Revenue: $748 million
EPS: $0.12
Result: reported results

Exact text from the filing

credibility, and innovation to boldly tackle these challenges. We won’t rest until we bring Cyber Safety, and more, to everyone.” Q2 Financial Highlights YoY Q2 GAAP revenue was $748 million, up 8% in USD. Q2 GAAP diluted EPS from continuing operations was $0.12, compared to $0.56 a year ago, which included $175 million gain from building sales. First half fiscal

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Source: SEC EDGAR

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