Symantec’s first-quarter income falls to $95.2 million

Symantec, maker of Norton Internet security software, reported lower quarterly profit on Wednesday as stock-based compensation costs, restructuring costs and acquisition-related adjustments reduced earnings.

Its shares climbed 9 percent after it released the results.

Fiscal first-quarter net income at the world’s largest security software maker fell to $95.2 million, or 10 cents per share, from $100.5 million, or 10 cents, a year earlier. Revenue rose to $1.4 billion from $1.265 billion.

Symantec, which also sells data center software to businesses, is in the midst of integrating its $974 million purchase of business software maker Altiris, which closed in April of this year.

The Cupertino, Calif., company’s shares have fallen 6 percent so far this year, while those of rival McAfee have climbed 23 percent.



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