NortonLifeLock Inc (NASDAQ:NLOK) shares rose Tuesday after the company reported better-than-expected Q4 sales and issued strong FY22 guidance. The company also announced it added $1.5 billion to its buyback.
The company reported Monday Q4 GAAP revenue was $672 million, up 9% in USD. Q4 GAAP operating margin was 39.6%, up 32 points. Q4 GAAP diluted EPS from continuing operations was $0.35, up 52%. Q4 operating cash flow was $356 million.
Norton also reported record revenue of $677 million, up 11% in USD. Operating margin was 50.5%, up 900 bps. Consumer reported billings was $748 million, up 17% in USD. Direct customer count of 23 million, up 2.8 million.
CEO Vincent Pilette declared, "We’re on a mission to bring Cyber Safety to everyone. I’m proud of what the team achieved in our first fiscal year. We accelerated growth, expanded our international footprint, and added freemium capability.
"In the fourth quarter alone, we added two million new customers, and achieved record revenue and profit. This is possible because we are all driven by our vision to protect and empower people to live their digital lives safely. We are just getting started."
Non-GAAP Revenue is expected to be in the range of $680 to $690 million, translating to approximately 10 to 12% growth YoY.
NortonLifeLock’s Board of Directors has declared a quarterly cash dividend of $0.125 per common share to be paid on June 23, to all shareholders of record as of the close of business on June 9.
NLOK shares gained $1.15, or 5.5%, to $22.23.
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