Symantec grows despite ditching smaller customers

After Broadcom acquired Symantec at the end of last year, the security outfit turned its back on a few clients to focus on a handful of large customers.

Several competitors seized the opportunity entice partners to switch allegiance, including NetSkope, Trend Micro, Mimecast and CrowdStrike.

However, Broadcom boss Hock Tan said that Symantec business is growing despite ditching a number of its smaller customers.

He said that bookings in its Symantec core accounts are growing, offsetting the move out of the smaller commercial accounts as it rationalised the business.

Symantec’s revenue was flat in the quarter, at “over $400m”.

Tan expects Symantec’s revenue to rise by four per cent sequentially in the current quarter.