secwatch.observer — SEC 8-K summary
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Issuer:     Gen Digital Inc. (GEN)
CIK:        0000849399
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000849399-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849399/000084939922000023/0000849399-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849399/000084939922000023/gen-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000849399-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer