NLOK - Earnings call transcript Q3 2022

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good afternoon, everyone. Thank you for standing by. My name is Paul, and I will be your conference operator today. I would like to welcome everyone to the NortonLifeLock Fiscal 2022 Third Quarter Earnings Call. Today's call is being recorded and all lines have been placed on mute to prevent any background noise. there a remarks, session. speakers' the will question-and-answer be After would opening pass At for I like Ms. this time, to remarks, to over the call of Head Relations. Lai, Mary Investor Miss, begin. you may

Mary Lai

NortonLifeLock afternoon, Thank and call. everyone. fiscal XXXX Welcome you, third good to Paul, earnings quarter the

review today results QX Natalie to CEO; are CFO. Joining Pilette, and our me Vincent Derse,

remind the press call, reminder, involve on statements along to considered to growth statements with business website, there investor.nortonlifelock.com. current are replay the that IR only release performance As I'd available Relations to our everyone is our references reconciliation otherwise the all pandemic date. be operations, that in non-GAAP, a including metrics. statements final which website non-GAAP at ongoing of results of actual assumptions Those expectations. industry, impact call this from cause and and on which based earnings statements and rates differ Today's stated. COVID-XX on slides, this metrics our Investor our all as may GAAP of a will materially unless current included release, financial expectations call the be and of such to and defining are our forward-looking the beliefs, non-GAAP current our business, regarding contains posted measures is are and year-over-year speak on press during A and our our risks uncertainties may like

XX-K CEO. year X, our now annual will risk call For and, particular, the in on turn with more our And our Vincent? Form our SEC to statement in press release information, refer factors XXXX. for and ended the cautionary over please I to fiscal the in the April the report filings

Vincent Pilette

And and improvements double-digit areas both continue and that we our success. XX%, drive profile growth Thank QX was believe for that creating, you, Later step top faster broad-based, more call, grew provide diversification EPS, strong line, portfolio, QX details learning, revenue this we in us bottom delivered It respectively. we and on remains This geographies. was of and a the Natalie to our and revenue. lives XX% take to you reflective channels than growth growth we with several results, strong of our on and our daily to key but of grow back it. across name in bookings our and welcome, one quarter, all you are clear with continues will living minute. product to critical long-term are shopping, and XX% more The more another online: is everyone. Mary, our profitability our business across let's working, sharing,

online. it We all are doing

of world the where empowering getting than digital making ultimately cybersafe we XX does for real more approximately with by powering we purpose, million in a is of XXX everyone started. protecting and freedom. Every cyber their countries it very our this criminality. day, designed lives more it a but singular All come better, easier to wakes and just make team risk users are are Today, up driven and

and built around their customers Our strategy is our digital lives.

on focused and are customers' our We needs. innovation, and relentlessly expanding access serving accelerating reach

years. products In we combining bring a scan thrive. we and continues Not Web new only and expand offered continue Monitoring, and to XX do Breach our also part where ID it Dark we internationally, improve upon Navigator we In is privacy, to and their have we we products market, over to category-leading reach bringing that countries. the introduced if anti-truck Monitor, QX, e-mail a identity for to users of engine innovation Avira actively alert breach. in Our Internet data

new or subscribers, the social our innovation, features highlighted just the our it we how available as safety XXX using into monitoring. learning, better just build months. ideas activities. unusual it's for protecting out after protection and not LifeLock commitment can unusual Day platform. innovation: These lock new a simplified XXX detecting plans continued few identity backup and the we energy just is team a and few last various users to frictionless Norton media platform like are QR integrated Within features members the our over with last about identity new frauds of made SE brings million multiple alerts added example, the with Norton device XX and in software Anti-Malware booster; We Best we experiences, enhanced Consumer transactions for AV-TEST than awards Norton onboarding right activation; recent, customers cryptocurrency this and VPN; automatically on better cyber day, benefits know from out new track Day May. rolled through machine one detection are protecting For on latest improved over various now XXX, our of addition members our receive options; of game integrated codes; the and people Labs And Norton Investor are since easy wallet the updater; mining XXX, as more Awards million our XXXX. most

bringing over that people by of help now the products driver know us platform, with our XX% stay make or customers direct innovation the our decision are improving Norton trust digital growing. to it their When we our customers it's is XXX of that lives, more entirely new core and protected to launching protect thrilled are us. to Whether a they these keeps products, platform We success. industry-leading

rate, in we are by slightly it our also improved XX%. above high our months. of. points was in XX Promoter retention have engagement is We proud In Net QX, something particularly five strengthening is last the to Score which XXs reflected That

this some slightly even cart December for acquisition our retention as pushed category, increases customers in pressure direct-to-consumer retention for those product rates offering. this high X.X over we we up slightly improved customers, acquired cost. XX%, portfolio to as channel, But power believe and since or at renewal consistently nine now ad XX% in have as the protection for are direct them. Through XX.X cohort higher broad-based, Total to points first-year innovative as million identity customers million, and to or customer improvement. growth Norton the customers aggregate exclude We up is platform speaks that we our and although XX% we distribution you It of customers partially mix expected with quarter. added security-only three up the Avira If convergence. for in in security market XXX holiday-driven traditionally of over consecutive our room lower. quarters. prices industry, shopping sequentially. we our added XX% some customers evolving on customers the identity channels, with in have and We've already first-year was In offset the improvement with expanding now The observed platform year-over-year XXX,XXX are

from installed now App those XXX,XXX two the alone, the channels. new for One we partner app. shared strategy Norton Store, I The count customer net example. stores in through through not two-third customers of have channels, benefits the does just indirect over or including customers our interestingly, in direct increase the added channels almost include In key million And app is our almost year-over-year sequentially. expansion customer of go-to-market XXX our employee investment areas that coming customers X.X and

to see more reach multichannel will expand and continue customers. You invest to us in approach our

market, XXX on in is and details as her platform retain brought the to While or $X, to Natalie also view an Avira opportunities we've up, and great all are have more well To accelerated Avast. for many value. installed ARPU which that will per with innovations traditional ARPU, added date But it section. focused the delivering adoption them, an of it to user, are I'm driven grow more by higher that the excluding announce our feature, below Avira, clear customers drives to our above $X. successful and and a excited In merger average we provide to more one at provide to is wrap also QX, revenue security customers, internationally. Norton $X.XX, upsell that and Avira's protection driving just is continue achieved was ARPU we close on but activities. ARPU rounded record we to we organic cross-sell base we this

originally to you As recall, expected year will close XXXX. mid-calendar in we

some outstanding satisfied conditions currently or regulatory before will we that XX, to can February remains be we need there XXXX. close, on waived while expect However, to close

commitments. towards the companies, conditions in and permanent strides combining Zealand, approvals NortonLifeLock including and Republic, two securing great New made both satisfying financing have shareholders, receiving Australia Czech and from the We regulatory Avast U.S.,

the In will filings our business regulatory we'll and each remaining submitted them. we Germany this to and and power Natalie pace cover and conditions, consumers the We the that we merger accelerate around the now to better merge our made activities antitrust engaged innovation and with allow fundamentally with serve driving are keep Avast. the over Avast. for wait cybersafety digital us fully everyone. Spain have believe details call On world. the for We've of frankly supporting increase of our consumer results will And forward. pass the merger freedom U.K., to of progress great transformation and to Together, financial will I of can't meantime, the with

Natalie Derse

and Thank everyone. Vincent, hello, you,

will excellent fiscal then and focus our on quarter. starting XXXX. another provide discussion, today's I We financials, for For results delivered our non-GAAP QX outlook year with

XX% currency, of and the our in was and up USD high against weakened Revenue USD was accelerated Our in U.S. currency. growth end constant Bookings currency yen in million and XX% XX% the as and including dollar. year-over-year, a up headwind two-point euro revenue QX XX% $XXX at constant the guidance up range. and in sequentially

at growth. the effectively have levers We our continue accelerate utilize to disposal we to

and this net quarter-over-quarter. net an Our international XX.X X.X strength net increased of ninth competitive new the total was customers close to focused at XXX,XXX remain growth customer of quarter new with to adds, customers broad-based. million saw funnel top sequential consecutive adding our million We acquiring year-over-year was both customers direct the regions. in This and customers QX already customer direct U.S. X.X million, year. landscape. the count in added more adding on We increasingly

reach. our international products in new and services Our key overall have markets improved global

skews opportunities our U.S., we as more scale. While customer international in the higher we capturing are still mix

Looking built to direct the customers. before. the year growth metrics, as $X.XX. ARPU, average portfolio platform our of and performance foundation of is unit in Retention a our expanded at retention sequentially or value contributed business revenue Norton consistent growth our overall, expanding user, product to our as for our momentum XXX us. this our well focus believe we above and growth increasing QX, growth area operating no to X% and in We major year provide across per QX monthly last this is key QX on the in revenue X% versus Collectively, slightly XX% in was

mix larger a across Our renewal strong newer customers, cohorts, which reflects our remain customer our of base. rates including now

are efforts cross-sell/upsell fruit, feature to Our bear product markets. in by velocity new expanding and releases supported also beginning global

our drive While the to value continue turn, engagement in retention driving in our customer throughout and ARPU growth journey more over customers, strong we, time. increase to and bringing

partner and app XX%, benefits continued multiple Our in to digits store. double business with grow channels scaling in revenue employee up including QX,

benefits channel we Our employees as employee offerings grow to double identity broaden our North America. continues more to in digits

by store digits up our double fifth channel for app. of the success XXX app Norton was Our driven the consecutive quarter,

While XX% continue long-term this total broadening just strategy. as resources a growth and on of tenet of reach we our indirect more business dedicate area is drive to over our our we go-to-market in key as focus business, this our

profitability. Turning to

XX% structure XX.X%, of We in growth. at deliver QX sustained was XXX to year-over-year. continue efficiency margin reinvestment in create points margin operating to our and diligent We to opportunities capacity operating pursuit for cost and drive high up remain leverage. basis gross

from operating XX% our ago. years down two just G&A approximately X% of at functions We of are revenue revenue

increasing navigating We focused and competitive new and make driving of marketing efficiencies. product while on environment higher in sales the ad With continue R&D, energy also to on our effectively investments advertising launches costs. while through pace the we

in already and ahead QX the for with committed remain driving We at up end our $XXX are disciplined guidance underway. $X.XX million, Looking EPS XX% with range. the our to year-over-year committed $X. pre-integration of we year-over-year. was and drive management operate of long-term objective we to income up our quarter, net Avast, expansion and cost order continue XX% a will was Diluted plans EPS synergies high approach achieving EPS in to

XX% was sheet. was million, cash operating flow year-over-year. cash cash cash balance $XXX over flow our operating to flow million Year-to-date is QX free Turning flow and $XXX million. $XXX growing and

We strong healthy position continue sheet. liquidity a balance to maintain both a and

any deal the quarterly quarter shareholders not a until per Our funded acquisition regular form to dividend include net become $XX In not the But X leverage point of $X.XXX of close. debt QX, to in in approximately does this times the does lowered approximately million please times that as note, common share. we – expected the of financing returned our quarter. in X.X

in Directors quarterly March has paid close XX, a For $X.XXX QX, be of XXXX, of on to business of shareholders regular program, of approved the deployed all time as in have being share on pending which as for February described the $X.X XX, buyback billion still Board the cash We per the press of this dividend XXXX, record remaining transaction. share at Avast the due current not approximately to is release.

shareholder option. reminder, buyback shareholders to a of $X an elections, the As majority share extent for merger up that billion Avast on is depending the incremental Avast the stock elect to possible

merger Avast guidance, get into give me our the I you Before brief on a let financing. update

syndicated loan for year, we of of close. B to received August interest our deal back recall, the debt launched syndication be loan and term successfully At our the may prepared acquisition calendar you the of the financing. term markets. great in we start last commitments We year, the reception A for this As commitments in strong

In that have the report of to deal we for to we'll the demand this for we accelerated merger We're the date the ready had planned and notably all financing raised required be at close. pleased fund fact, oversubscribed. was successfully

outlook. Now our turning to

of full quarter-over-quarter, We fiscal revenue non-GAAP now currency in to the to rates the assuming the approximately XXXX which growth non-GAAP currency. stable We year high fiscal annual translates billion to range. $X.XXX year-over-year achieve have end in our guidance expect billion, narrowed XX% to XXXX constant of $X.XXX range

another non-GAAP include We guidance to any the range narrowing this anticipated close. leader annual $X.XX, be forward from remain the we as XXXX $X.XX of Avast that does in positioned We look year. high impact fiscal expect out fiscal For EPS, Please to in merger to the closing against note cybersafety. not well successful end.

to and We we have operating strong a want reiterate I said growing momentum, last capabilities. very business healthy quarter. model what

are questions in forward, continue back will we we prioritize As your today, and navigate growth-focused to Thank your any keep and challenge anticipate, will in operator Please mind, call not take now do manner. any at a to needs time. I to turn customer we to Operator? questions. the the specific related able ourselves to you for this to M&A time answer meet

Operator

ma’am. you, Thank

Instructions] the the Saket We will now first of Barclays. Your from begin question-and-answer Kalia [Operator session. question line is with

open. is Your line

Saket Kalia

Great. Hey, doing? Vincent. guys Natalie, how Hey, you’re

Vincent Pilette

Very good. you for Thank asking.

Saket Kalia

Vincent, Absolutely. Avast the but talking great with understand here. Thanks my for start news for view, surprising maybe taking I my on M&A, questions about expected the think here, the I’ll And most you. just is in close on to see the earlier February the specific disclaimer results. XX. with release I

allowed can, right, time from us maybe thought the of the share time can confidence that with so the the what hurdles you’re as guess that in XXth? June about you line I gives to, the And – here to to close frame And date in left, you compared then regulatory extent earlier detail to the we to also just much understand to just earlier? some as just you

Vincent Pilette

are will be Safety as global exciting super this now XX. Yes. a increased that for with capacity reach get offer to make eager February honest with for too, that activities, in We’ve made most that innovation, what quarter, merger we to which great for me are close And know started. reach, you, Avast is Cyber double-digit consumers. to for would that and an planning never We, despite we going our for you I I to progress the say imagine, merger news the posted the say, the I’m we of fact is, quarter, believed scaling

been working we’ve processes. all So, patiently the

if to in As with and UK, my the I collaborating We’ve you actively, now we openly We still done conditions mentioned meet Spain. have on prepared progress stories February are we’re on all close. in fronts. all either many we position have. go and want answering that filings remarks, made be Based Germany we the or and those great and regulatory into able they to will I a XX now conditions detail, progress, on all all conditions be won’t and questions meet the confident waive in to the every of of

great that’s, a as mentioned, you news. So

Saket Kalia

We’ll maybe business. look in core great absolutely. the on that. you for To just growth. to forward double-digit point, Yes, zero Natalie, mean, I the see to Vincent’s to bookings

the just able acquisition. talked one customer a in Can accelerate digits better ARPU the levers and retention, of about remarks, that here? how prepared you’ve You couple been you growth of deeper go level into to to sort continued double the your

Natalie Derse

In come us, and question. pretty said. us think, value and both growth, heard which existing Yes, as to identity. what broad-based, is and hi the growth double-digit having across really our The thanks customers. to It’s international for the well to to new was increasing faster, prepared allowing you continue we I How we’ve our Saket, our exactly post as remarks, right? market products is U.S. security our new offer

in our as We both to that across to and domestic international well combine key as continue the efforts focus paid we’re as coming of the channels. all focused premium through driving that’s our really of – Avira, seeing together, that’s on Think and indirect and with globe, customer as just expansion. expansion conversions double-digit the We’ve expanding well really partner reach growth. tenets all diversified to drive got those

Saket Kalia

additional in, media recently I it, that could I interesting. with in the a Vincent, the if unfortunately, makes an if can imagine and could that. was announced just Because of that product. interesting social of competitive it. solution capture talk question. thought about I one squeeze bullying, world tool wondering was like that's the I you That bit guess cyber a another value a very it’s landscape sense. I there monitoring was Got got little product a lot the you

dig just little you can a So into that? deeper

Vincent Pilette

so broad you. And empowering have lives everyone purpose, Yes, honest, being safe a right, I'm it. for be very to and maximum with we protecting getting value the and the have to really digital

then really to we online, that As we, adding just build then the value to risk moving additional our the expose part services VPN, what look core up that the top, from all kids including that we protecting bullying online, is stack because that they security sort and is lot device of time. a move then reputation platform, at we best is features identity privacy Analyst I and of mission more on management, as mentioned one closely multi-device, family to stop. that and coming privacy then know, privacy them. to password And mentioned of protection all that within into are activities cybersafety more that platform. expose or very that reputation, of at course, continues Day you. cybersafety full our against would category your features Cyber from of cybercriminality of to a then our either or I value manager, users evolve the would being reputation offering have moving

that. would so our a against developing have if creating system alert worlds, different And that keep road a help exposure just and you not to feature, different and children protect in map want, that is long social system spotting blocking another monitoring want an to that you we

competition, have build category-focused, like startups, I accelerate we as development, tell even we geographically You the with We're value for as of the overall the up-capacity it bring located innovation comes of to is innovation, to kind into we fully up interesting bring rate continue either the see product you, will a continue a why that should, categories. different or of to position we and And When of to ideas. lot to portfolio. Avast. this And we reinforce have. going we new part

to what an you user. it as development definition cybersafety up and long-term that for a So that should Internet see value of means we continue the and understanding build full move

Saket Kalia

guys. lot Makes back sense. get queue. of I Thanks will in

Vincent Pilette

Saket. Thanks,

Operator

is question RBC. next Hedberg line with Your the Matt of from

is line Your open.

Matt Hedberg

business, double-digit that. growth. and and Hi internationally. questions how a detail can more talked capturing on resonating But Avast working Norton taking wondering Vincent, guys, accelerate markets? thanks XXX about congrats for is you And will bit the maybe if you more on international obviously, in my provide what's international

Vincent Pilette

Yes. No, good very question.

realized roof as every under Avira many introducing, big manage from did there's business same realized combining local to a know, to we're geography cycle in two-years our that actually freemium almost when cohorts important. is company And started opportunity have current that all were coming product and a that. you the that we came lot doing portfolio, important. we are did we portfolio, there. full-life in with locally. testing all as more a of right? we internationally, to was we cybersafety U.S.-centric But model So the acquired we at and many a we from say working. more ago, grow We when line first, Norton one freemium and able XX% And the our features platform ability full with premium base, free to features a is in of and Then of those actually country tests countries,

chain, up have it I inform you to at proof one. value confidence move very data offer data being and Avira security these So fantastic, free, a move the been, course, two be to different started more creation of full definitely multiple launch can protection. powerful us customers, or We give many the going starting product the digital that that Avast Monitoring has to the going with then identity course, Norton, up the the base, basic commitment that and see to combined your protecting is, also going committed actually call identity to the to more an AntiTrack see to identities retention to in including of meaning drive pyramid look satisfaction. Web you'll your Europe, we that's point We in of notion that. number customer innovation digital us as Dark identity into that's at countries your at In but and with than combination hey, has of when the we live, can seen say, And and that the, live, it, you Number more up a U.S. continue the ARPU with would the moving identity value a and decent the protecting value as internationally. with with protected basic the along know, more the introduce both, a the

– market important region And so in having presence we'll a local and a in and both the understanding each be the to global very that. framework is committed fully

once single The internationally one, say, or more we've different others, would is improving. I customer products, either that that of seen we AntiTrack that third I or seen Norton have mentioned Identity retention a gets value under

Some countries. has renewal move various they Avira a internationally a a platform. the member the country of retention more when Every we but they move and the see of can chain different up up cybersafety and improved in rate, become value

growth we levers idea, an different you of have best we to our at practices as to you friend gives accelerate Avast. want, will that share So continue the if with

Matt Hedberg

that's super No, comprehensive.

think significant you opportunities we the international is guys. all I for recognize

thing had indirect success out that to positive say lot other well. me, stood as really The you about a things to of

you just business. it's of over your think Now XX% said I

success, of seems which of You're it's what exciting another there? think, Maybe there. lever things like more are historically, tell more but been I it's focused success on of really, direct indirect Obviously, driving to growth. some a see a lot us,

Vincent Pilette

you. totally agree I with

a Internet we the to billion know can't users, very do be that it business reach model. We out DTC X clear. just through Let's

provider whether offering, et example, or cybersafety We fully have to going better combining solutions mix or it's to insurance indirect combining, continue a with simple integrated to to with cetera. value, channel a partner, a offer for other an and a

So to expect that channels way. us to our develop continue

to that. mentioned U.S.-centric. that only and to we year we publicly we in ago one value adjustment channel portfolio think see increased our can was for a I of That's customers. We've product add There feedback around too, investment that now we a not employee of the then get and more because it's benefit the more benefit employee the them. fruition

We fast. So customers – want that come want move to channel. through we be course, that of to

some very case customers, with channel is have to engagement want are the really we will with to want that that, have putting on increasing that not on making indirect continue course, opportunities sorry a come of trigger around time that the come the lot one be but to before they or legacy sure of thoughtful. to the to back in – But the be is area. chain every person with excited brand want which all with recognized, investment we particularly We're the when Channel, Avast in, Of VSB/SOHO making to home-worker well. customers. have indirect thoughtful, a channel but cybersafety, the expect ability we really gig so economy focusing that the as we we the bigger increase our there, to value of consider channels, up we criteria sure move Those be

and none NortonLifeLock. we our – in have So

to So part definitely strategy. an expecting direct channel be of to expanding our continue go-to-market

Matt Hedberg

everybody. thanks Super Thanks But exciting. Vincent.

Operator

Jona Stanley. question Heinz Your is from [ph] next Instructions] [Operator line of with the Morgan

is line Your open.

Unidentified Analyst

Thank from the everyone. for taking you question Hamza. online Hi

the on was question Has subscription a was rates? renewal there expand on ads, first bit below typical if change little wondering could net our a seasonality. that I been please just which is So little any bit. you in

Natalie Derse

Yes. Thanks question. for the

this direct customer acquire it's direct very very, acquisition. acquisition. in defined to driving ingredient growing continue posted net-ads. base consecutive to and we've been chosen not invest customers. look, a to fruitful customer our avenue key report But as you But We'll our to customers ninth quarter continue to our to area, will to strategy. has customer of ads the quarter-over-quarter we've And only to our be consistently So just

perspective today us increasingly but direct customers, that. are through behind our diverse is important it's go paying reach channel competitive; about becoming more also heard putting reach, channels The I for why our market we customers really both all to you've add that's absolutely just funnel. we're think from We talk and focus want so expand the costs. our channels. in of globally These to indirect spend a more a resources and couple we different that direct channels. And competitive us expand on can times how

And diversity we out our leverage of right really over so feed installed will customers we're channels have trying balance to strike time that there the all the that of acquire and into users base. the and/or indirect to

Vincent Pilette

new I ad XXX,XXX on but already and increased have ago, iOS. app, one launched A customers. know to net mentioned customers down lot channels saw the mobile, said say, it's customers Norton and the Avast, on XXX year report or in XX%, we is and indirect I app those customer. want mobile count. mobile Natalie the quarter-over-quarter. which I over customer into actually impacting We've for the Android We net we a mobile example, analysis in big purchases app briefly mobile of the Norton That doubling also what of some XXX,XXX benefits it There's In we were new made is we is for employee direct time app, change. very two-third a about first how including two XXX,

a count. we’re with we how So report we customer going to merge fresh on look Avast, take as this

looked across investors view dimensions. at business have all on our full a can So how we

Unidentified Analyst

follow-up, One helpful. That's I could. Okay, got it. if very

we're now think that Any that So about forward thoughts you. given the how acquisition lapsed? has ARPU price the inflation Thank should on we current going increases, Avira seeing?

Natalie Derse

Yes.

faster in the that are increases of think to number the one we to that's where equation price to today. how price we because not choice, that choose focusing want world protect are how top of about customer We when How raw software-based very so making relevant, necessarily and focus of business. sure et our makes that's we are our So we though, how customer and sense bringing just to market? sure think inflation, and themselves logistical decision mind business for more family? focus they how we and as material their we innovation price. we value What when think talked being are it on inflation in we it's and have value? so pertains inflation, a to about about How we're increases across driving the we really about price we price, ton top and And the it's the on make across don't our I globe. mind it's know Very, cetera,

Vincent Pilette

acquisitions. balance we And when gross, to it new retention, ARPU, comes customer

adoption your If security. are just answer still you just yes. is our protection the have $X the password anymore really on the protection. security average? understanding They portfolio yet that AV. Nobody of of the like creating identities just think And is, have manager, being majority I made customers leap go the is question on drive on cetera identity but having that haven't identity benefit the – digital than innovative higher the than increased We really core identity our that's can have of that et really The to protected. effort, don't more they

Unidentified Analyst

Okay. much. results. both very Thank Congrats on the you

Vincent Pilette

Thank you.

Operator

back will questions. more time, this no NortonLifeLock. call Pilette, are the there turn for I At CEO Vincent to

Vincent Pilette

We with joining everyone, for support, to And Paul. us soon. connecting course, you, very of look thank Yes, and for appreciate this thanks you continued call. your forward we

stay safe well. Thank So and be you.

Operator

Thank concludes conference you. the This call.

may disconnect. now You

Gen Digital (GEN) 4 Feb 222022 Q3 Earnings call transcript