Symantec Corp, best known for its Norton antivirus software, reported better-than-expected quarterly revenue as more customers renewed their subscription and due to higher demand from federal agencies. Symantec is benefiting from higher spending by companies on security software to protect their network and data from sophisticated hacking attacks and malware. Rival FireEye Inc on Tuesday forecast revenue for the current quarter that exceeded analysts’ expectations. Symantec’s net income rose to $236 million, or 34 cents per share, in the first quarter ended July 4, from $157 million, or 22 cents per share, a year earlier.
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