However, NortonLifeLock’s overall first-quarter performance is likely to have been negatively impacted by unfavorable foreign exchange rates. The Norton antivirus maker’s sustained focus on growing partner channels and employee benefit programs is likely to have driven its performance in the quarter to be reported.
At the end of the fourth quarter of fiscal 2022, NortonLifeLock’s client retention rate was slightly more than 85%, while bookings grew 4%. The growing number of client bookings, supported by their retention and renewal rates, is anticipated to have contributed to the company’s fiscal first-quarter top line. This trend is likely to have spurred demand for NortonLifeLock’s security products in the fiscal first quarter.įurther, NLOK’s first-quarter performance is likely to have benefited from the expansion of its Norton family of products, including Norton Utilities Ultimate and Norton AntiTrack, while offering a broad range of cyber safety products with new features.Īn expansion in the EMEA, Asia Pacific and Latin American regions is likely to have been an upside for NortonLifeLock this season. Global workforces working remotely are logging into employers' networks, escalating the need for digital security. Over the past couple of years, as more people are shifting online, the need for online privacy has been rising. The increased demand for cybersecurity and ID analytics solutions amid the hybrid work environment is likely to have favored the to-be-reported quarter’s performance.
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