Revenue during the quarter grew 27.72 percent to $1,115 million from $873 million in the previous year period. Gross margin for the quarter contracted 639 basis points over the previous year period to 76.77 percent. Operating margin for the quarter stood at negative 15.96 percent as compared to a positive 14.66 percent for the previous year period.

Operating loss for the quarter was $178 million, compared with an operating income of $128 million in the previous year period.

However, the adjusted operating income for the quarter stood at $314 million compared to $214 million in the prior year period. At the same time, adjusted operating margin improved 365 basis points in the quarter to 28.16 percent from 24.51 percent in the last year period.

Greg Clark, Symantec chief executive officer said, "Symantec's fourth quarter results demonstrate consistent execution relative to expectations across our Enterprise and Consumer Digital Safety businesses. The industrial logic of combining Symantec and Blue Coat is proving out, with Enterprise Security growing organically year over year and Blue Coat cloud subscription revenue growing 67%. Our Integrated Cyber Defense Platform is gaining traction with enterprise customers. Our consumer business has transformed from PC malware protection to Consumer Digital Safety, with total addressable market expansion to $10 billion. We are on-track to deliver long-term, sustainable growth and industry-leading profitability as the new Symantec."

For financial year 2018, Symantec Corp expects revenue to be in the range of $4,977 million to $5,077 million. It expects adjusted revenue to be in the range of $5,100 million to $5,200 million. It expects operating income to grow in the range of 4 percent to 5 percent. It expects adjusted operating income to grow in the range of 36 percent to 37 percent. It projects diluted earnings per share to be in the range of $0.03 to $0.13. It projects diluted earnings per share to be in the range of $1.75 to $1.85 on adjusted basis for the same period.

For the first-quarter, Symantec Corp expects revenue to be in the range of $1,133 million to $1,163 million. It expects adjusted revenue to be in the range of $1,185 million to $1,215 million. It expects operating income to decline in the range of 10 percent to 8 percent. It expects adjusted operating income to grow in the range of 27 percent to 29 percent. It forecasts diluted loss per share to be in the range of $0.25 to $0.21. It projects diluted earnings per share to be in the range of $0.28 to $0.32 on an adjusted basis for the same period.

The company has spent $6,766 million cash to meet investing activities during the year as against cash inflow of $7,173 million in the last year.

Cash flow from financing activities was $5,291 million for the year as against cash outgo of $4,764 million in the last year period.

Cash and cash equivalents stood at $4,247 million as on Mar. 31, 2017, down 29.02 percent or $1,736 million from $5,983 million on Apr. 01, 2016.

Debt increases substantially
Symantec Corp has witnessed an increase in total debt over the last one year. It stood at $8,186 million as on Mar. 31, 2017, up 270.91 percent or $5,979 million from $2,207 million on Apr. 01, 2016. Short-term debt stood at $1,310 million as on Mar. 31, 2017.