Security and Compliance division, which makes up about 25 percent of Symantec’s business, was hardest hit. Security sales in particular were hurt as some customers moved away from multiyear software licenses. The company is trying to rein in costs in the midst of a global recession and a change in management. McAfee bucked general economic trends last week, reporting that its sales were up 21 percent year-over-year. “We think we’ve got our cost structure where it needs to be,” new CEO Enrique Salem says.”]
Source: https://www.csoonline.com/article/2123990/symantec-sees-security-sales-slowdown.html