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Investing in Gen Digital (GEN)? Don't Miss Assessing Its International Revenue Trends
Gen Digital Gen Digital (US:GEN) Zacks Investment Researchยท2024-05-14 15:01

Core Insights - Gen Digital's international operations are crucial for understanding its financial resilience and growth potential [1][2] - The company's reliance on global markets can provide both opportunities and challenges [9][10] Financial Performance - Total revenue for the quarter was $967 million, reflecting a 2.1% increase [4] - EMEA contributed $234 million, accounting for 24.2% of total revenue, with a surprise increase of 0.27% compared to expectations [5] - APJ generated $97 million, representing 10.0% of total revenue, but fell short of expectations by 3.01% [6] Future Projections - Analysts project revenues of $968.37 million for the ongoing fiscal quarter, a 2.4% increase year-over-year, with EMEA and APJ expected to contribute $238.25 million and $100.62 million respectively [7] - For the full year, total revenue is anticipated to reach $3.91 billion, a 2.2% increase from the previous year, with EMEA and APJ expected to account for $980.33 million and $417.38 million respectively [8] Market Trends - The company's stock has increased by 16.5% over the past month, outperforming the Zacks S&P 500 composite's 2% rise [13] - Over the past three months, Gen Digital's shares gained 12.4%, compared to the S&P 500's 5.8% increase [13]