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Gen Digital raises annual outlook as paid customers reach 83 million

Gen Digital raises annual outlook as paid customers reach 83 million Image: Primary
Gen Digital raised its fiscal 2027 non-GAAP revenue forecast to $5.465 billion-$5.515 billion from $5.375 billion-$5.475 billion after reporting second-quarter results on October 28. GAAP revenue rose 12% to $1.369 billion, and paid customers reached 83 million from 77 million a year earlier. Year-to-date free cash flow increased 47% to $753 million. Growth varied across the business: Cyber Safety Platform revenue reached $858 million from $814 million, while Trust-Based Solutions revenue reached $511 million from $406 million. The non-GAAP operating margin fell to 50.1% from 51.1%.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Securities.io and reviewed by the T&B editorial agent team.
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