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MOUNTAIN VIEW, CA -- (Marketwire) -- 10/24/12 -- Symantec Corp. (NASDAQ: SYMC) today reported the results of its second quarter of fiscal year 2013, ended Sept. 28, 2012. GAAP revenue for the fiscal second quarter was $1.7 billion, up 1 percent year-over-year and up 5 percent after adjusting for currency.

Click to Tweet: #SYMC posts record second quarter results: http://bit.ly/TaPm28

"I am pleased with the team's results and progress made this quarter. We delivered solid results during the first quarter of a significant transition for the company," said Steve Bennett, chairman, president and chief executive officer, Symantec. "After travelling the world speaking to employees, customers and shareholders, there is a strong sense of excitement about our future success. While focused on running the company, the team is also hard at work building a strategy and operational plan to deliver greater than 5 percent organic growth and 30 percent operating margins on a sustainable basis within the next two-to-three years."

"We delivered better than expected results with record September revenue and deferred revenue, in addition to strong net income and EPS as we continue to make improvements to the performance of our businesses," said James Beer, executive vice president and chief financial officer, Symantec. "We saw strength in enterprise security and backup as well as growth in consumer security."

GAAP Results for second quarter of fiscal year 2013

• GAAP operating margin was 18.0 percent compared with 17.0 percent for the same quarter last year, up 6 percent year-over-year.
• GAAP net income was $193 million compared with net income of $182 million for the year-ago period, up 6 percent year-over-year.
• GAAP diluted earnings per share were $0.27 compared with $0.24 for the year ago quarter, up 13 percent year-over-year.
• GAAP deferred revenue was $3.619 billion compared with $3.452 billion for the year ago quarter, up 5 percent year-over-year on an actual and currency-adjusted basis.
• Cash flow from operating activities was $178 million compared with $308 million for the year ago period due to higher tax, restructuring and transition payments, foreign currency movements as well as lower September quarter cash collections.
• Symantec ended the quarter with cash, cash equivalents and short-term investments of $4.0 billion. During the quarter, Symantec repurchased 12 million shares for $200 million at an average price of $16.48. Symantec has $483 million remaining in the current board authorized stock repurchase plan.

Non-GAAP Results for second quarter of fiscal year 2013

• Non-GAAP operating margin was 27.5 percent compared with 25.5 percent for the same quarter last year, up 200 basis points year-over-year (up 250 basis points after adjusting for currency) driven by stronger revenue and lower costs.
• Non-GAAP net income was $322 million, compared to $295 million for the same quarter last year, up 9 percent year-over-year.
• Non-GAAP diluted earnings per share were $0.45 compared with earnings per share of $0.39 for the year-ago quarter, up 15 percent year-over-year.

Business Segment Highlights for the Quarter

• The Consumer segment represented 31 percent of total revenue and decreased 1 percent year-over-year (increased 3 percent after adjusting for currency).
• The Security and Compliance segment represented 30 percent of total revenue and increased 6 percent year-over-year (increased 9 percent after adjusting for currency).
• The Storage and Server Management segment represented 35 percent of total revenue and decreased 2 percent year-over-year (increased 2 percent after adjusting for currency).
• Services represented 4 percent of total revenue and increased 2 percent year-over-year (increased 7 percent after adjusting for currency).

Geographic Highlights for the Quarter

• International revenue represented 51 percent of total revenue and increased 1 percent year-over-year (increased 7 percent after adjusting for currency).
• The Europe, Middle East and Africa region represented 26 percent of total revenue and decreased 4 percent year-over-year (increased 7 percent after adjusting for currency).
• Asia Pacific/Japan revenue represented 20 percent of total revenue and increased 6 percent year-over-year (increased 8 percent after adjusting for currency).
• The Americas, including the United States, Latin America and Canada, represented 54 percent of total revenue and increased 2 percent year-over-year on an actual and currency-adjusted basis.

Third Quarter Fiscal Year 2013 Guidance

Guidance assumes an exchange rate of $1.30 per Euro for the December 2012 quarter versus the actual weighted average rate of $1.35 and an end of period rate of $1.30 per Euro for the December 2011 quarter. Our guidance assumes an effective tax rate of 28.5 percent and a common stock equivalents total for the quarter of approximately 700 million shares.

For the third quarter of fiscal 2013, Symantec expects:

• GAAP revenue of $1.72 billion to $1.75 billion, up 0 to 2 percent as reported and up 1 to 3 percent in constant currency.
• GAAP diluted earnings per share between $0.17 and $0.19 as compared to $0.32 in the year ago period.
• Non-GAAP diluted earnings per share between $0.36 and $0.38 as compared to $0.42 in the year ago period, due to investments to better serve customers.
• GAAP deferred revenue is estimated to be between $3.765 billion and $3.825 billion, up 3 to 4 percent on an actual and currency-adjusted basis.

Conference Call
Symantec has scheduled a conference call for 5 p.m. ET/2 p.m. PT today to discuss the results from the fiscal 2013 second quarter, ended Sept. 28, 2012, and to review guidance. Interested parties may access the conference call on the Internet at http://www.symantec.com/invest. To listen to the live call, please go to the Web site at least 15 minutes early to register, download and install any necessary audio software. A replay and script of our officers' remarks will be available on the investor relations' home page shortly after the call is completed.

About Symantec
Symantec protects the world's information, and is the global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment -- from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our industry-leading expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

FORWARD-LOOKING STATEMENTS: This press release contains statements regarding our financial and business results, which may be considered forward-looking within the meaning of the U.S. federal securities laws, including projections of future revenue, earnings per share and deferred revenue, as well as projections of amortization of acquisition-related intangibles and stock-based compensation and restructuring charges. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: general economic conditions; maintaining customer and partner relationships; the anticipated growth of certain market segments, particularly with regard to security and storage; the competitive environment in the software industry; changes to operating systems and product strategy by vendors of operating systems; fluctuations in currency exchange rates; the timing and market acceptance of new product releases and upgrades; the successful development of new offerings and integration of acquired businesses, and the degree to which these offerings and businesses gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. We assume no obligation, and do not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risks factors is contained in the Risk Factors sections of our Form 10-K for the year ended March 30, 2012 and our Current Report on Form 8-K filed on June 11, 2012.

USE OF NON-GAAP FINANCIAL INFORMATION: Our results of operations have undergone significant change due to a series of acquisitions, the impact of stock-based compensation, impairment charges and other corporate events. To help our readers understand our past financial performance and our future results, we supplement the financial results that we provide in accordance with generally accepted accounting principles, or GAAP, with non-GAAP financial measures. The method we use to produce non-GAAP results is not computed according to GAAP and may differ from the methods used by other companies. Our non-GAAP results are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Investors are encouraged to review the reconciliation of our non-GAAP financial measures to the comparable GAAP results, which is attached to our quarterly earnings release and which can be found, along with other financial information, on the investor relations' page of our Web site at www.symantec.com/invest.

                            SYMANTEC CORPORATION
                    Condensed Consolidated Balance Sheets
                                (In millions)

                                                 September 28,   March 30,
                                                      2012        2012 (1)
                                                  (Unaudited)
                                                 ------------- -------------

ASSETS

Current assets:
  Cash and cash equivalents                      $       4,002 $       3,162
  Short-term investments                                     5            49
  Trade accounts receivable, net                           735           940
  Inventories                                               23            28
  Deferred income taxes                                    197           205
  Other current assets                                     244           249
                                                 ------------- -------------
    Total current assets                                 5,206         4,633
                                                 ------------- -------------

Property and equipment, net                              1,114         1,100
Intangible assets, net                                   1,155         1,337
Goodwill                                                 5,842         5,826
Other long-term assets                                     146           124
                                                 ------------- -------------
      Total assets                               $      13,463 $      13,020
                                                 ============= =============

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable                               $         278 $         324
  Accrued compensation and benefits                        308           416
  Deferred revenue                                       3,118         3,444
  Current portion of long-term debt                        968             -
  Other current liabilities                                336           321
                                                 ------------- -------------
    Total current liabilities                            5,008         4,505
                                                 ------------- -------------

Long-term debt                                           2,093         2,039
Long-term deferred revenue                                 501           529
Long-term deferred tax liabilities                         312           288
Long-term income taxes payable                             371           393
Other long-term obligations                                 75            94
                                                 ------------- -------------
    Total liabilities                                    8,360         7,848
                                                 ------------- -------------

    Total Symantec Corporation stockholders'
     equity                                              5,088         5,094
                                                 ------------- -------------

Noncontrolling interest in subsidiary                       15            78
                                                 ------------- -------------
    Total stockholders' equity                           5,103         5,172
                                                 ------------- -------------
      Total liabilities and stockholders' equity $      13,463 $      13,020
                                                 ============= =============


(1) Derived from audited consolidated financial statements.



                            SYMANTEC CORPORATION
                Condensed Consolidated Statements of Income
              (In millions, except per share data, unaudited)

                                                       Year-Over-Year
                        Three Months Ended               Growth Rate
                   ----------------------------  --------------------------
                   September 28,  September 30,                  Constant
                        2012           2011         Actual      Currency(1)
                   -------------  -------------  ------------  ------------

Net revenue:
  Content,
   subscription,
   and maintenance $       1,498  $       1,452             3%            7%
  License                    201            229           -12%           -9%
                   -------------  -------------  ------------  ------------
    Total net
     revenue               1,699          1,681             1%            5%
                   -------------  -------------  ------------  ------------

Cost of revenue:
  Content,
   subscription,
   and maintenance           247            232
  License                     18             10
  Amortization of
   intangible
   assets                     19             23
                   -------------  -------------  ------------  ------------
    Total cost of
     revenue                 284            265             7%            8%
                   -------------  -------------  ------------  ------------
Gross profit               1,415          1,416             0%            4%
                   -------------  -------------  ------------  ------------

Operating
 expenses:
  Sales and
   marketing                 659            697
  Research and
   development               247            247
  General and
   administrative            109            106
  Amortization of
   intangible
   assets                     72             73
  Restructuring
   and transition             23              8
                   -------------  -------------  ------------  ------------
    Total
     operating
     expenses              1,110          1,131            -2%            1%
                   -------------  -------------  ------------  ------------
Operating income             305            285             7%           15%
                   -------------  -------------  ------------  ------------

  Interest income              2              4
  Interest expense           (35)           (28)
  Other income,
   net                         1              2
  Loss from joint
   venture                     -            (14)
                   -------------  -------------  ------------  ------------
Income before
 income taxes                273            249            10%          N/A
                   -------------  -------------  ------------  ------------

  Provision for
   income taxes               80             67
                   -------------  -------------  ------------  ------------
Net income                   193            182             6%          N/A
  Less: Loss
   attributable to
   noncontrolling
   interest                    -              -
                   -------------  -------------  ------------  ------------
Net income
 attributable to
 Symantec
 Corporation
 stockholders      $         193  $         182             6%          N/A
                   =============  =============  ============  ============

Net income per
 share
 attributable to
 Symantec
 Corporation
 stockholders --
 basic             $        0.27  $        0.24
Net income per
 share
 attributable to
 Symantec
 Corporation
 stockholders --
 diluted           $        0.27  $        0.24
Weighted-average
 shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders --
 basic                       702            745
Weighted-average
 shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders --
 diluted                     708            751

(1) Management refers to growth rates adjusting for currency so that the
 business results can be viewed without the impact of fluctuations in
 foreign currency exchange rates. We compare the percentage change in the
 results from one period to another period in order to provide a framework
 for assessing how our underlying businesses performed excluding the effect
 of foreign currency rate fluctuations. To present this information,
 current and comparative prior period results for entities reporting in
 currencies other than United States dollars are converted into United
 States dollars at the actual exchange rates in effect during the
 respective prior periods.



                            SYMANTEC CORPORATION
                Condensed Consolidated Statements of Income
              (In millions, except per share data, unaudited)

                                                       Year-Over-Year
                         Six Months Ended                Growth Rate
                   ----------------------------  --------------------------
                   September 28,  September 30,                  Constant
                        2012           2011         Actual      Currency(1)
                   -------------  -------------  ------------  ------------

Net revenue:
  Content,
   subscription,
   and maintenance $       2,973  $       2,891             3%            6%
  License                    394            443           -11%           -7%
                   -------------  -------------  ------------  ------------
    Total net
     revenue               3,367          3,334             1%            4%
                   -------------  -------------  ------------  ------------

Cost of revenue:
  Content,
   subscription,
   and maintenance           496            462
  License                     35             17
  Amortization of
   intangible
   assets                     37             45
                   -------------  -------------  ------------  ------------
    Total cost of
     revenue                 568            524             8%            9%
                   -------------  -------------  ------------  ------------
Gross profit               2,799          2,810             0%            3%
                   -------------  -------------  ------------  ------------

Operating
 expenses:
  Sales and
   marketing               1,308          1,362
  Research and
   development               496            486
  General and
   administrative            219            211
  Amortization of
   intangible
   assets                    144            144
  Restructuring
   and transition             58             20
                   -------------  -------------  ------------  ------------
    Total
     operating
     expenses              2,225          2,223             0%            3%
                   -------------  -------------  ------------  ------------
Operating income             574            587            -2%            4%
                   -------------  -------------  ------------  ------------

  Interest income              5              8
  Interest expense           (64)           (60)
  Other expense,
   net                        (5)            (2)
  Loss from joint
   venture                     -            (27)
                   -------------  -------------  ------------  ------------
Income before
 income taxes                510            506             1%          N/A
                   -------------  -------------  ------------  ------------

  Provision for
   income taxes              145            134
                   -------------  -------------  ------------  ------------
Net income                   365            372            -2%          N/A
  Less: Loss
   attributable to
   noncontrolling
   interest                    -             (1)
                   -------------  -------------  ------------  ------------
Net income
 attributable to
 Symantec
 Corporation
 stockholders      $         365  $         373            -2%          N/A
                   =============  =============  ============  ============

Net income per
 share
 attributable to
 Symantec
 Corporation
 stockholders --
 basic             $        0.51  $        0.50
Net income per
 share
 attributable to
 Symantec
 Corporation
 stockholders --
 diluted           $        0.51  $        0.49
Weighted-average
 shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders --
 basic                       709            750
Weighted-average
 shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders --
 diluted                     714            758

(1) Management refers to growth rates adjusting for currency so that the
 business results can be viewed without the impact of fluctuations in
 foreign currency exchange rates. We compare the percentage change in the
 results from one period to another period in order to provide a framework
 for assessing how our underlying businesses performed excluding the effect
 of foreign currency rate fluctuations. To present this information,
 current and comparative prior period results for entities reporting in
 currencies other than United States dollars are converted into United
 States dollars at the actual exchange rates in effect during the
 respective prior periods.



                            SYMANTEC CORPORATION
              Condensed Consolidated Statements of Cash Flows
                          (In millions, unaudited)

                                                     Six Months Ended
                                               ----------------------------
                                               September 28,  September 30,
                                                    2012           2011
                                               -------------  -------------

OPERATING ACTIVITIES:
Net income                                     $         365  $         372

Adjustments to reconcile net income to net
 cash provided by operating activities:
  Depreciation                                           141            134
  Amortization of intangible assets                      181            189
  Amortization of debt issuance costs and
   discounts                                              29             32
  Stock-based compensation expense                        83             77
  Deferred income taxes                                   15             15
  Excess income tax benefit from the exercise
   of stock options                                       (1)            (5)
  Loss from joint venture                                  -             27
  Other                                                    8              5
  Net change in assets and liabilities,
   excluding effects of acquisitions:
    Trade accounts receivable, net                       203            331
    Inventories                                            5              2
    Accounts payable                                     (34)            37
    Accrued compensation and benefits                   (107)          (130)
    Deferred revenue                                    (339)          (346)
    Income taxes payable                                  42             73
    Other assets                                         (24)            (3)
    Other liabilities                                    (49)             1
                                               -------------  -------------
      Net cash provided by operating
       activities                                        518            811
                                               -------------  -------------

INVESTING ACTIVITIES:
  Purchases of property and equipment                   (168)          (124)
  Cash payments for acquisitions, net of cash
   acquired                                              (28)          (364)
  Purchases of held-to-maturity securities                 -            (33)
  Proceeds from held-to-maturity securities               46              -
  Other                                                    2              1
                                               -------------  -------------
      Net cash used in investing activities             (148)          (520)
                                               -------------  -------------

FINANCING ACTIVITIES:
  Net proceeds from sales of common stock
   under employee stock benefit plans                     75             83
  Excess income tax benefit from the exercise
   of stock options                                        1              5
  Tax payments related to restricted stock
   issuance                                              (11)           (21)
  Repurchase of common stock                            (501)          (473)
  Purchase of additional interest in
   subsidiary                                            (92)             -
  Repayment of debt and other obligations                  -           (601)
  Proceeds from debt issuance, net of discount           996              -
  Debt issuance costs                                     (7)             -
                                               -------------  -------------
      Net cash provided by (used in) financing
       activities                                        461         (1,007)
                                               -------------  -------------

Effect of exchange rate fluctuations on cash
 and cash equivalents                                      9            (19)
                                               -------------  -------------
Change in cash and cash equivalents                      840           (735)
Beginning cash and cash equivalents                    3,162          2,950
                                               -------------  -------------
Ending cash and cash equivalents               $       4,002  $       2,215
                                               =============  =============


                                      Three Months Ended
                   --------------------------------------------------------
                        September 28, 2012           September 30, 2011
                   ---------------------------  ---------------------------
                     GAAP      Adj    Non-GAAP    GAAP      Adj    Non-GAAP
                   --------  -------  --------  --------  -------  --------

Net revenue:       $  1,699      N/A  $  1,699  $  1,681      N/A  $  1,681
                   --------  -------  --------  --------  -------  --------

Gross profit:      $  1,415  $    23  $  1,438  $  1,416  $    26  $  1,442
  Stock-based
   compensation                    4                            3
  Amortization of
   intangible
   assets                         19                           23
                   --------  -------  --------  --------  -------  --------

Gross margin %         83.3%              84.6%     84.2%              85.8%
                   --------  -------  --------  --------  -------  --------

Operating
 expenses:         $  1,110  $   139  $    971  $  1,131  $   118  $  1,013
  Stock-based
   compensation                   41                           35
  Amortization of
   intangible
   assets                         72                           73
  Restructuring
   and transition                 23                            8
  Acquisition-
   related
   expenses                        3                            2
                   --------  -------  --------  --------  -------  --------

Operating expenses
 as a % of revenue     65.3%              57.2%     67.3%              60.3%
                   --------  -------  --------  --------  -------  --------

Operating income   $    305  $   162  $    467  $    285  $   144  $    429
                   --------  -------  --------  --------  -------  --------

Operating margin %     18.0%              27.5%     17.0%              25.5%
                   --------  -------  --------  --------  -------  --------

Net income:        $    193  $   129  $    322  $    182  $   113  $    295
  Gross profit
   adjustment                     23                           26
  Operating
   expense
   adjustment                    139                          118
  Non-cash
   interest
   expense                        15                           13
  Loss on sale of
   marketable
   securities                      -                            1
  Joint venture:
   Amortization of
   intangible
   assets                          -                            2
  Income tax
   effect on above
   items                         (47)                         (47)
  Tax related
   adjustments:
    Release of
     pre-
     acquisition
     tax
     contingencies                (7)                           -
    Change in
     valuation
     allowance                     6                            -
                   --------  -------  --------  --------  -------  --------

Diluted net income
 per share
 attributable to
 Symantec
 Corporation
 stockholders      $   0.27  $  0.18  $   0.45  $   0.24  $  0.15  $   0.39
                   --------  -------  --------  --------  -------  --------

Diluted weighted-
 average shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders           708                708       751                751
                   --------  -------  --------  --------  -------  --------



                        Year-Over-Year
                     Non-GAAP Growth Rate
                   ------------------------
                                  Constant
                      Actual    Currency(2)


                   -----------  -----------

Net revenue:                 1%           5%
                   -----------  -----------

Gross profit:                0%           4%
  Stock-based
   compensation
  Amortization of
   intangible
   assets
                   -----------  -----------

Gross margin %        -120 bps      -80 bps
                   -----------  -----------

Operating
 expenses:                  -4%          -1%
  Stock-based
   compensation
  Amortization of
   intangible
   assets
  Restructuring
   and transition
  Acquisition-
   related
   expenses
                   -----------  -----------

Operating expenses
 as a % of revenue    -310 bps     -330 bps
                   -----------  -----------

Operating income             9%          14%
                   -----------  -----------

Operating margin %     200 bps      250 bps
                   -----------  -----------

Net income:                  9%         N/A
  Gross profit
   adjustment
  Operating
   expense
   adjustment
  Non-cash
   interest
   expense
  Loss on sale of
   marketable
   securities
  Joint venture:
   Amortization of
   intangible
   assets
  Income tax
   effect on above
   items
  Tax related
   adjustments:
    Release of
     pre-
     acquisition
     tax
     contingencies
    Change in
     valuation
     allowance
                   -----------  -----------

Diluted net income
 per share
 attributable to
 Symantec
 Corporation
 stockholders               15%         N/A
                   -----------  -----------

Diluted weighted-
 average shares
 outstanding
 attributable to
 Symantec
 Corporation
 stockholders               -6%         N/A
                   -----------  -----------

(1) This presentation includes non-GAAP measures. Our non-GAAP measures are
 not meant to be considered in isolation or as a substitute for comparable
 GAAP measures and should be read only in conjunction with our consolidated
 financial measures prepared in accordance with GAAP. For a detailed
 explanation of these non-GAAP measures, please see Symantec's Explanation
 of Non-GAAP Measures in Appendix A.

(2) Management refers to growth rates adjusting for currency so that the
 business results can be viewed without the impact of fluctuations in
 foreign currency exchange rates. We compare the percentage change in the
 results from one period to another period in order to provide a framework
 for assessing how our underlying businesses performed excluding the effect
 of foreign currency rate fluctuations. To present this information, current
 and comparative prior period results for entities reporting in currencies
 other than United States dollars are converted into United States dollars
 at the actual exchange rates in effect during the respective prior periods.



                            SYMANTEC CORPORATION
                  Revenue and Deferred Revenue Detail (1)
                          (In millions, unaudited)


                                                  Three Months Ended
                                           --------------------------------
                                            September 28,    September 30,
                                                 2012             2011
                                           ---------------  ---------------
GAAP Revenue
  Content, subscription, and maintenance   $         1,498  $         1,452
  License                                              201              229
                                           ---------------  ---------------
Total Revenue                              $         1,699  $         1,681
                                           ---------------  ---------------
GAAP Revenue Y/Y Growth Rate
  Content, subscription, and maintenance                 3%              15%
  License                                              -12%               6%
                                           ---------------  ---------------
Total Y/Y Growth Rate                                    1%              14%
                                           ---------------  ---------------
GAAP Revenue Y/Y Growth Rate in Constant
 Currency
  Content, subscription, and maintenance                 7%              11%
  License                                               -9%               2%
                                           ---------------  ---------------
Total Y/Y Growth Rate in Constant Currency               5%               9%
                                           ---------------  ---------------

GAAP Revenue by Segment
  Consumer                                 $           528  $           531
  Security and Compliance                              512              482
  Storage and Server Management                        595              605
  Services                                              64               63
                                           ---------------  ---------------
GAAP Revenue by Segment: Y/Y Growth Rate
  Consumer                                              -1%              11%
  Security and Compliance                                6%              27%
  Storage and Server Management                         -2%               8%
  Services                                               2%             -15%
                                           ---------------  ---------------
GAAP Revenue by Segment: Y/Y Growth Rate
 in Constant Currency
  Consumer                                               3%               7%
  Security and Compliance                                9%              22%
  Storage and Server Management                          2%               4%
  Services                                               7%             -18%
                                           ---------------  ---------------

GAAP Revenue by Geography
  International                            $           873  $           868
  US                                                   826              813
    Americas (U.S., Latin America, Canada)             922              906
    EMEA                                               441              459
    Asia Pacific & Japan                               336              316
                                           ---------------  ---------------
GAAP Revenue by Geography: Y/Y Growth Rate
  International                                          1%              17%
  US                                                     2%              10%
    Americas (U.S., Latin America, Canada)               2%              11%
    EMEA                                                -4%              11%
    Asia Pacific & Japan                                 6%              26%
                                           ---------------  ---------------
GAAP Revenue by Geography: Y/Y Growth Rate
 in Constant Currency
  International                                          7%               9%
  US                                                     2%              10%
    Americas (U.S., Latin America, Canada)               2%              11%
    EMEA                                                 7%               2%
    Asia Pacific & Japan                                 8%              15%
                                           ---------------  ---------------

GAAP Deferred Revenue                      $         3,619  $         3,452
                                           ---------------  ---------------
GAAP Deferred Revenue Y/Y Growth Rate                    5%              11%
                                           ---------------  ---------------
GAAP Deferred Revenue Y/Y Growth Rate in
 Constant Currency                                       5%              11%
                                           ---------------  ---------------

(1) Management refers to growth rates adjusting for currency so that the
 business results can be viewed without the impact of fluctuations in
 foreign currency exchange rates. We compare the percentage change in the
 results from one period to another period in order to provide a framework
 for assessing how our underlying businesses performed. To exclude the
 effects of foreign currency rate fluctuations, current and comparative
 prior period results for entities reporting in currencies other than
 United States dollars are converted into United States dollars at the
 actual exchange rates in effect during the respective prior periods (or,
 in the case of deferred revenue, converted into United States dollars at
 the actual exchange rate in effect at the end of the prior period).



                            SYMANTEC CORPORATION
                   Operating Margin by Segment Detail (1)
                                (Unaudited)

                                                    Three Months Ended
                                               ----------------------------
                                               September 28,  September 30,
                                                    2012           2011
                                               -------------  -------------
GAAP Operating Margin by Segment
  Consumer                                                50%            48%
  Security and Compliance                                 30%            21%
  Storage and Server Management                           40%            42%
  Services                                                19%            16%
                                               -------------  -------------
(1) Excluded from this table is our Other segment which is comprised of
 sunset products nearing the end of their life cycle. The Other segment
 also includes certain general and administrative expenses; amortization of
 intangible assets; stock-based compensation expense, restructuring and
 transition expenses; and certain indirect costs that are not charged to
 the other operating segments.



                            SYMANTEC CORPORATION
     Guidance and Reconciliation of GAAP to Non-GAAP Earnings Per Share
               (In billions, except per share data, unaudited)

We include certain non-GAAP measures in the tracking and forecasting of our
 earnings and management of our business. For a detailed explanation of
 these non-GAAP measures, please see our Explanation of Non-GAAP Measures in
 Appendix A.

Revenue Guidance                    Three Month Ending December 28, 2012
                                --------------------------------------------
                                                  Year-Over-Year Growth Rate
                                                 ---------------------------
                                                                  Constant
                                      Range          Actual     Currency (1)
                                ---------------- ------------- -------------

GAAP revenue range                $1.72 - $1.75     0% - 2%       1% - 3%
                                ---------------- ------------- -------------

                                    Three Month Ending December 28, 2012
                                --------------------------------------------
                                                  Year-Over-Year Growth Rate
                                                 ---------------------------
Earnings Per Share Guidance and
Reconciliation                        Range                 Actual
                                ---------------- ---------------------------

GAAP diluted earnings per share
 range                            $0.17 - $0.19         (41)% - (47)%
  Add back:
  Stock-based compensation, net
   of tax                             $0.04
  Amortization of intangible
   assets and non-cash interest
   expense, net of tax                $0.15
                                ---------------- ---------------------------
Non-GAAP diluted earnings per
 share range                      $0.36 - $0.38         (10)% - (14)%
                                ---------------- ---------------------------

                                    Three Month Ending December 28, 2012
                                --------------------------------------------
                                                  Year-Over-Year Growth Rate
                                                 ---------------------------
                                                                  Constant
Deferred Revenue Guidance             Range          Actual     Currency (1)
                                ---------------- ------------- -------------

GAAP deferred revenue range      $3.765 - $3.825    3% - 4%       3% - 4%
                                ---------------- ------------- -------------


(1) Management refers to growth rates adjusting for currency so that the
 business results can be viewed without the impact of fluctuations in
 foreign currency exchange rates. We compare the percentage change in the
 results from one period to another period in order to provide a framework
 for assessing how our underlying businesses performed. To exclude the
 effects of foreign currency rate fluctuations, current and comparative
 prior period results for entities reporting in currencies other than United
 States dollars are converted into United States dollars at the actual
 exchange rates in effect during the respective prior periods (or, in the
 case of deferred revenue, converted into United States dollars at the
 actual exchange rate in effect at the end of the prior period).



                            SYMANTEC CORPORATION
                      Explanation of Non-GAAP Measures
                                 Appendix A

The non-GAAP financial measures included in the tables adjust for the
following items: business combination accounting entries, stock-based
compensation expense, restructuring and transition charges, charges related
to the amortization of intangible assets, impairments of assets and certain
other items. We believe the presentation of these non-GAAP financial
measures, when taken together with the corresponding GAAP financial
measures, provides meaningful supplemental information regarding the
Company's operating performance for the reasons discussed below. Our
management uses these non-GAAP financial measures in assessing the Company's
operating results, as well as when planning, forecasting and analyzing
future periods. We believe that these non-GAAP financial measures also
facilitate comparisons of the Company's performance to prior periods and to
our peers and that investors benefit from an understanding of these non-GAAP
financial measures.

Stock-based compensation: Consists of expenses for employee stock options,
restricted stock units, restricted stock awards, performance based awards
and our employee stock purchase plan determined in accordance with the
authoritative guidance on stock-based compensation. When evaluating the
performance of our individual business units and developing short and long
term plans, we do not consider stock-based compensation charges. Our
management team is held accountable for cash-based compensation, but we
believe that management is limited in its ability to project the impact of
stock-based compensation and accordingly is not held accountable for its
impact on our operating results. Although stock-based compensation is
necessary to attract and retain quality employees, our consideration of
stock-based compensation places its primary emphasis on overall shareholder
dilution rather than the accounting charges associated with such grants. In
addition, for comparability purposes, we believe it is useful to provide a
non-GAAP financial measure that excludes stock-based compensation in order
to better understand the long-term performance of our core business and to
facilitate the comparison of our results to the results of our peer
companies. Furthermore, unlike cash-based compensation, the value of stock-
based compensation is determined using complex formulas that incorporate
factors, such as market volatility, that are beyond our control.

                                                      Three months ended
                                                 September 28, September 30,
                                                      2012          2011
                                                 ------------- -------------
Cost of revenue                                  $           4 $           3
Sales and marketing                                         17            17
Research and development                                    13            12
General and administrative                                  11             6
                                                 ------------- -------------
  Total stock-based compensation                 $          45 $          38
                                                 ============= =============

Amortization of intangible assets: When conducting internal development of
intangible assets, accounting rules require that we expense the costs as
incurred. In the case of acquired businesses, however, we are required to
allocate a portion of the purchase price to the accounting value assigned to
intangible assets acquired and amortize this amount over the estimated
useful lives of the acquired intangible assets. The acquired company, in
most cases, has itself previously expensed the costs incurred to develop the
acquired intangible assets, and the purchase price allocated to these assets
is not necessarily reflective of the cost we would incur in developing the
intangible asset. We eliminate these amortization charges from our non-GAAP
operating results to provide better comparability of pre- and post-
acquisition operating results and comparability to results of businesses
utilizing internally developed intangible assets.

Restructuring and transition: We have engaged in various restructuring and
transition activities over the past several years that have resulted in
costs associated with severance, facilities costs, and transition and other
related costs. Transition and other related costs consist of severance costs
associated with acquisition integrations in efforts to streamline our
business operations, consulting charges associated with the implementation
of a new Enterprise Resource Planning system, and costs related to the
outsourcing of certain back office functions. Each restructuring and
transition activity has been a discrete event based on a unique set of
business objectives or circumstances, and each has differed from the others
in terms of its operational implementation, business impact and scope. We do
not engage in restructuring or transition activities in the ordinary course
of business. While our operations previously benefited from the employees
and facilities covered by our various restructuring charges, these employees
and facilities have benefited different parts of our business in different
ways, and the amount of these charges has varied significantly from period
to period. We believe that it is important to understand these charges and,
we believe that investors benefit from excluding these charges from our
operating results to facilitate a more meaningful evaluation of current
operating performance and comparisons to past operating performance.

Acquisition-related expenses: The authoritative guidance on business
combinations requires us to record in the statement of income, certain items
that at the time of an acquisition would have been recorded to goodwill
under the old authoritative guidance. We have excluded the effect of
acquisition-related expenses from our non-GAAP operating expenses and net
income measures. We incurred expenses in connection with our acquisitions,
which we generally would not have otherwise incurred in the periods
presented as a part of our continuing operations. Acquisition-related
expenses consist of professional service expenses. We believe it is useful
for investors to understand the effects of these items on our operations.
Although acquisition-related expenses generally diminish over time with
respect to past acquisitions, we generally will incur these expenses in
connection with any future acquisitions.

Non-cash interest expense: Effective April 4, 2009, we adopted authoritative
guidance on convertible debt instruments, which changed the method of
accounting for our convertible notes. Under this authoritative guidance, our
EPS and net income calculated in accordance with GAAP have been reduced as a
result of recognizing incremental non-cash interest expense. We believe it
is useful to provide a non-GAAP financial measure that excludes this
incremental non-cash interest expense in order to better understand the
long-term performance of our core business and to facilitate the comparison
of our results to the results of our peer companies.

Loss on sale of marketable securities: This constitutes the loss from the
sale of the Company's available-for-sale securities. The Company's
management excludes this loss when evaluating its ongoing performance and
therefore excludes this loss when presenting non-GAAP financial measures.

Joint venture: As noted above, we exclude amortization of intangible assets
related to the joint venture from our non-GAAP net income.

Release of pre-acquisition tax contingencies: During the September 2012
quarter, certain tax accruals related to pre-acquisition contingencies were
effectively settled. As a result, we realized benefits to GAAP net income of
$12 million and non-GAAP net income of $5 million.

The non-GAAP benefit was due to the reversal of accrued interest recorded in
our income statement during our post acquisition periods. Accordingly, the
amount of this accrual has not been excluded from Symantec's non-GAAP
results.

Change in valuation allowance: Due to an election made for state income tax
purposes, we have determined that it is not more-likely-than-not that we
will utilize all of our state credit carryforwards based on the GAAP income
allocated to the state. Accordingly, a valuation allowance was recorded
against our state credit carryforwards during the three months ended
September 28, 2012.