Financial Performance - Q1 Fiscal Year 2025 revenue reached $965 million, representing a 2% increase year-over-year[1] - Operating income for Q1 was $417 million, up 16% from the previous year, with an operating margin of 43%, an increase of 5 percentage points[1] - Non-GAAP revenue for Q1 was $965 million, up 2% in USD and 3% in constant currency, with bookings of $913 million, up 3% in USD and 4% in constant currency[2] - Q1 diluted EPS was $0.29, consistent with the prior year, while non-GAAP diluted EPS increased by 13% to $0.53[2] - For Q2 FY25, revenue is expected to be between $965 million and $975 million, with EPS guidance of $0.53 to $0.55[3] - The company reaffirmed its FY25 non-GAAP annual revenue guidance of $3.89 billion to $3.93 billion and EPS guidance of $2.17 to $2.23[3] - Operating cash flow for Q1 was $264 million, reflecting a 17% increase year-over-year[1] - The company declared a quarterly cash dividend of $0.125 per common share, payable on September 11, 2024[3] Customer Metrics - Direct customer revenues reached $850 million for the three months ended June 28, 2024, up from $829 million in the same period last year, reflecting a growth of 2.5%[20] - The direct customer count at the end of the quarter was 39.3 million, an increase from 38.2 million year-over-year, indicating a growth of 2.9%[20] - The retention rate improved to 78% for the current quarter, up from 76% in the same quarter last year[20] - Average revenue per user (ARPU) for direct customers was $7.23, a slight increase from $7.24 in the same quarter last year[20] Revenue Insights - Total revenues for the three months ended June 30, 2024, were $417 million, an increase of 16% compared to $359 million for the same period in 2023[15] - Constant currency adjusted revenues (Non-GAAP) were $972 million for the three months ended June 28, 2024, a 3% increase from $943 million in the same period last year[19] - Total Cyber Safety revenues were $951 million, slightly up from $926 million year-over-year, showing a growth of 2.7%[20] Operational Metrics - The company reported bookings as a key operational metric, reflecting customer demand for products and services[23] - Free cash flow was defined as cash flows from operating activities less purchases of property and equipment, not a measure of financial condition under GAAP[23] - Direct customer count represents active paid users at the end of the reported period, excluding free trial users[23] - Average direct revenues per user (ARPU) is calculated as estimated direct customer revenues divided by the average direct customer count, expressed monthly[23] - Retention rate is monitored to evaluate the effectiveness of strategies to improve subscription renewals, defined as the percentage of direct customers from one year ago still active[23] Innovation and Market Focus - The company is focused on innovation in technology to address increasing cyber threats, particularly those amplified by generative AI[1] - Gen Digital serves nearly 500 million users across more than 150 countries with its cybersecurity and privacy solutions[4] Accounting Adjustments - The company made total adjustments to GAAP income before income taxes amounting to $154 million, compared to $187 million in the previous year[15] - The company identified a revision in revenue recognition practices, which was deemed immaterial to prior period financial statements but corrected for comparative purposes[16]

CERRITOS, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature "grill at your table" experience, is announcing financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial and Recent Operational Highlights Total revenue increased 15.9% to $53.9 million compared to the second quarter of 2023. Income from operations was $1.6 ...

Core Insights - Norton has launched Norton Ultra VPN, an all-in-one VPN designed to enhance speed, reliability, security, privacy, and identity protection against modern cyber threats [1][2]. Product Features - Norton Ultra VPN offers a fast and secure private internet connection, allowing users to access content both at home and on the go [2]. - The service includes a Privacy Monitor for users in the US and Canada, which scans peoplefinder websites for exposed personal information every 90 days [2][3]. - Malware and scam protection features block dangerous websites and provide real-time protection against malware, ransomware, and phishing [3]. - Parental control features allow users to track device locations, set physical boundaries, and block harmful websites [3]. - A Password Manager is included, enabling users to create and manage passwords securely, with features like an encrypted vault and duplicate password detection [3]. - Dark Web Monitoring alerts users if their personal information is found on the dark web, allowing them to take necessary protective actions [4]. Service Plans - Norton now offers three VPN plans: Norton Secure VPN for individuals, Norton Ultra VPN for individuals and couples, and Norton Ultra VPN Plus for families [9]. - All Norton VPNs provide worldwide content access, service compatibility upgrades, and improved no-log policies, which have been independently audited [8][9]. Compatibility and Availability - Norton Ultra VPN is compatible with Windows, Mac, Android, and iOS platforms, protecting up to ten devices in its highest tier [11]. - The product is available for immediate use [11]. Industry Position - Norton is recognized as a leader in Cyber Safety and is part of Gen™, a global company focused on empowering digital freedom [12]. - In a VPN Products Performance Benchmarks report, Norton ranked 1 for network performance and download speed in the US and Canada [13].

MONTREAL, July 30, 2024 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. ("HPQ" or the "Company") (TSXV: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in green engineering of silica and silicon-based materials is pleased to announce the latest significant battery milestones achieved by its Francebased affiliate, NOVACIUM SAS ("Novacium"). "As we expected, 18650 batteries made with our GEN3 materials exceeded 4,000 mAh, making Novacium one of only three companies in the world that have published 18650 ...

Analysts' assessment points toward 'Net Revenues- Cyber Safety Revenue- Direct customer revenues' reaching $851.95 million. The estimate suggests a change of +2.4% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. That said, let's delve into the average estimates of some Gen Digital metrics that Wall Street an ...

Left to right: before, during and after visualizations of brainwave data. Subject: Lynn Beattie, identity theft victim Left to right: before, during and after visualizations of brainwave data. Subject: Lynn Beattie, identity theft victim "Experiencing a cyberattack is traumatic and will cause a negative emotional response," said Lee Chambers, psychologist and wellbeing expert. "When the victims were asked to recall their experiences of cybercrime, the resulting artwork showed an eruption of brain activity t ...

Investor Contact Media Contact Fiscal 2025 Q1 Earnings Call August 1, 2024 2 p.m. PT / 5 p.m. ET Conference call dial-in and live webcast link available on Investor.GenDigital.com About Gen Gen™ (NASDAQ: GEN) is a global company dedicated to powering Digital Freedom through its trusted Cyber Safety brands, Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. The Gen family of consumer brands is rooted in providing safety for the first digital generations. Now, Gen empowers people to live th ...

Gen Digital Inc. (NASDAQ:GEN) is a systems software company that offers a wide range of cybersecurity and antivirus products and services, including those from Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner, following the merger of NortonLifeLock and Avast in 2022. In our, previous analysis of GEN, we expected the merger between NortonLifeLock and Avast to create significant revenue and cost synergies as well as boost its market share in consumer security market to 42.6%. However, mar ...

BalkansCat/iStock Editorial via Getty Images This thesis aims to show that the upside should continue based on an update on how the acquisition has helped Gen Digital achieve revenue and cost synergies, while also highlighting how cross-selling and partnership strengths differentiate it from the competition. Also, considering that my earlier bullish position was short-lived Revenue Synergies Helped Boost Growth but also Cross-Selling Strength Chart prepared using data from (www.seekingalpha.com) This signif ...

We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels. GEN currently has a forward P/E r ...