Blog | G5 Cyber Security

Symantec Writes Off $10 Million After Faulty AV Activation

Symantec forced to write off US$10 million in revenue after glitch in sales system. Glitch prevented some consumers from activating Norton antivirus software at the time they bought it. Problem affected less than half a percent of customers, CEO Enrique Salem said in an interview. The issue was disclosed Wednesday in company’s quarterly earnings announcement. The company’s revenue for the quarter, ended Oct. 1, was $1.48 billion, pretty much level with a year earlier. But storage and services groups dipped by 1 percent and 11 percent, respectively.”]

Source: https://www.csoonline.com/article/2126070/symantec-writes-off–10-million-after-faulty-av-activation.html

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