nortonlifelock annual revenue

Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Amortization of intangible assets: Amortization of intangible assets consists of amortization of acquisition-related intangibles assets such as developed technology, customer relationships and trade names acquired in connection with business combinations. Consumer reported billings: We define consumer reported billings as total revenue plus the change in adjusted contract liabilities excluding amounts related to our ID Analytics solutions. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. In addition, these costs vary, depending on the size and complexity of the acquisitions, and are not indicative of costs of future acquisitions. The figure also beat the Zacks Consensus Estimate of 21 cents. We monitor ARPU because it helps us understand the rate at which we are monetizing our consumer customer base. May 15, 2020. We consider reported billings to be a useful metric for management and investors because it facilitates an analysis of changes in contract liabilities balances that are an indicator of the health and visibility of our business. We exclude these charges and benefits when associated with a significant settlement because we do not believe they are reflective of ongoing business and operating results. Notably, cash from from operations was $170 million. We believe making these adjustments facilitates a better evaluation of our current operating performance and comparisons to past operating results. For more information, please visit Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Moreover, non-GAAP earnings from continuing operations are expected between 31 cents and 35 cents per share. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. This outperformance was driven by strong execution and lower stranded costs. Under purchase accounting, we are required to allocate a portion of the purchase price to intangible assets acquired and amortize this amount over the estimated useful lives of the acquired intangible assets. NORTONLIFELOCK AUSTRALIA PTY LTD is located in Sydney, NEW SOUTH WALES, Australia and is part of the Security System Services Industry. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. These non-GAAP financial measures are provided to enhance the user’s understanding of our past financial performance and our prospects for the future. Second consecutive quarter of sequential customer growth and bookings growth of 4% year-over-year NortonLifeLock Inc. (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today reported results for its fourth quarter fiscal year 2020 which ended April 3, 2020. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Also excluded are customers of our ID Analytics solutions. We eliminate these charges from our non-GAAP operating results to facilitate an evaluation of our current operating performance and provide better comparability to our past operating performance. Geographic Segment. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. To learn more, click here. Acquisition-related costs: These represent the transaction and business integration costs related to significant acquisitions that are charged to operating expense in our GAAP financial statements. We exclude the difference between the imputed interest expense, which includes the amortization of the conversion feature and of the issuance costs, and the coupon interest payments because we believe that excluding these costs provides meaningful supplemental information regarding the cash cost of our convertible debt and enhance investors’ ability to view the Company’s results from management’s perspective. We use cookies to understand how you use our site and to improve your experience. The cash costs are more than offset by an estimated $1.5 billion of cash inflow from sales of underutilized assets, half of which has already been realized. Get the detailed quarterly/annual income statement for NortonLifeLock Inc. (NLOK). Consumer Revenues, Consumer Reported Billings and Consumer Cyber Safety Metrics, (In millions, except per user data, unaudited), Constant currency adjusted consumer revenues (Non-GAAP), Constant currency and extra week adjusted consumer revenues (Non-GAAP), Add: Contract liabilities (end of period), Less: Contract liabilities (beginning of period), Add: Other contract liabilities adjustment (4), Consumer reported billings excluding extra week impact (Non-GAAP), Direct average revenue per user (ARPU) (5), Consumer Cyber Safety annual retention rate. In addition, for comparability purposes, we believe it is useful to provide a non-GAAP financial measure that excludes stock-based compensation to facilitate the comparison of our results to those of other companies in our industry. Annual. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Direct average revenue per user (ARPU) increased 2.3% year over year to $9.03. Restructuring, transition and other costs: Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements, contract termination costs, and assets write-offs, as well as other exit and disposal costs. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Visit performance for information about the performance numbers displayed above. Did you earn +24.53% a year like the Zacks Rank? ID Analytics solutions were divested in the fourth quarter of fiscal 2020.

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