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Gen Digital CEO on the rise in global cyber security threats
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGen Digital CEO on the rise in global cyber security threatsVincent Pilette, CEO of Gen Digital, discusses how the rise in cyber security threats ties into geopolitics and the economy.
Persons: Vincent Pilette Organizations: Gen Digital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGen Digital CEO on recent cyber attacks and the state of data securityVincent Pilette, CEO of Gen Digital, discusses the state of cybersecurity following a recent string of cyber attacks.
Persons: Vincent Pilette Organizations: Gen Digital Locations: cybersecurity
Aug 3 (Reuters) - Cybersecurity firm Gen Digital (GEN.O) beat revenue estimates for the first quarter on Thursday, as demand for its antivirus software like Avast, Norton and Avira rose, sending shares surging 3.7% in trading after the bell. Demand for cybersecurity software has soared in the wake of continuously evolving cyber threats, privacy concerns and soaring hacking activity, as users expand their digital footprints. Revenue in the first quarter grew 34% to $946 million, slightly above analysts' average estimate of $945.4 million, according to Refinitiv data. The company earned adjusted profit per share of 47 cents, above analysts' average estimate of 46 cents. Gen Digital expects fiscal year 2024 revenue to be in the range $3.8 billion to $3.85 billion, the midpoint of which is slightly below analysts' average estimate of $3.85 billion, according to Refinitiv data.
Persons: Vincent Pilette, Jaspreet Singh, Pooja Desai Organizations: Digital, Norton, Gen Digital, Thomson Locations: Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur marketing budget goes to making sure consumers understand benefits of full cyber safety plan, says Gen Digital CEOVincent Pilette, Gen Digital CEO, joins 'TechCheck' to discuss the company's acquisition of NortonLifeLock and how the company plans to cross-sell in today's environment, his focus on profitability and whether there's any demand changes for cybersecurity.
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