Symantec beats estimates on demand for security products

(Reuters) – Symantec Corp’s results beat estimates for the fourth consecutive quarter driven by demand for its data loss prevention and information security products. Security software makers are doing well despite weak IT spending as rising cyber attacks boost demand for their products. Spending on computer security is expected to rise to about $86 billion in 2016 from about $55 billion in 2011, market research firm Gartner said in a recent report. …

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Symantec beats estimates on demand for security products

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