NLOK - Earnings call transcript Q4 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 Jeff and I’ll be your conference operator today. I would like to welcome everyone to the NortonLifeLock Fiscal 2022 Fourth Quarter Earnings Call. Today’s call is being recorded. time, call remarks, over this to would At the pass to Instructions] for I opening like [Operator Ms. Mary Lai, Relations. Head of Investor may begin. you Miss,

Mary Lai

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

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

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

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

Vincent Pilette

Thank everyone. welcome you, Mary and

want current the to I is geopolitical start, facing. uncertainties the I Before world acknowledge

and and support hope course, peaceful we of a customers friends, those hearts and resolution. quick including go and for Our families impacted, to out

part call, every I success build business team to to to employee the for for together take NortonLifeLock’s had ever. ambitious their together. result and of today. year each than also is doing NortonLifeLock more safety moment needed an we third to have growth great Cyber As thank we is want deliver a come this of a working the

strong Our culture very are building about QX authenticity is X% and we currency. of our bookings everyday gets ago action a The important respectively particularly year quarter acquisition. growth and and that our of of and constant Avira vision the clear was and are and upon revenue a line quarter’s quarter our in top our COVID-led straight X% excited with growth, strategy me as future. it of performance double-digit tenth lapped anniversary

again identity regions Although are truly slightly was across growth as in global. once and QX more pronounced our in customer broad-based our privacy, needs and products

customers offering over net are developing continued our investments product Our channels. customer indirect base sequentially. added XXX,XXX XX% is to customers added and direct we focus XXX now and international continue with to new reach as million, strategic To customers, in over Total be new our available countries. in customers direct on now nearly $XX.X year-over-year XXX,XXX we over have both

margin these straight details partner benefits objectives, employee sequentially the of an important or reach mobile will to consecutive growth indirect by in in expanding Natalie to XXX,XXX into great XX% almost customers. the operating was year-on-year, year up shaping was us quarter, alone. for and QX activities, for Our the X grew up QX it ahead into portfolio on the in innovation revenue, double-digit Advanced call. third channels business possible made added product new customers With the year of ongoing also go investments and fiscal as go-to-market our later the customer in expansion. ways was It progress and expanded bookings $X.X financial growth and more long-term EPS. more our revenue launched We merger Fiscal delivered have the the ago, and over ‘XX we X XX% and Less while to sixth ‘XX QX delivered safety delivered over than we us first our protect up in results members, we $X integrated billion now, EPS XXX. trusting to XX years is which platform, million comprehensively. of them X-year we Norton delivering And one consumer cyber XX%.

today XXX and and has over Norton growing. Our scale in reach countries unparalleled XX

and XXXX. value retention year Our of supported which need is by our the we an of our still $XXX growth our have forward. exited more provide, over room work plenty rate moving educate as of we the for and cyber ARPU more protection, comprehensive integral also part strategy of customers on to strong of XX% We is customer cohorts fiscal recognize annual which

forward So, into year let fiscal next results to supported me details our strategic on moving ‘XX strategy year. provide be our will some organic that areas key to more and continue

product identity accelerated we and XX of broadening new with this and to line solutions. innovation than privacy maintained pace incremental more products, and First, product products our year, features introduced our

we that we monitoring a dark our UK is a of restoration efforts, includes identity identity support AntiTrack, to expanding and the from Avira Identity to access to new into our help It the to social robust dedicated specialist In localized of consumers solution monitoring step in of a theft. year. a Assistant, resolve Assistant, additional their to fiscal Germany, specialists. monitoring launched launched product identity identity victim web and restoration continue which international to also both Norton Privacy expansion Advisor issues. few, QX, identity XX areas In My provides name in we Norton In Plus countries Identity theft portfolio the Just monitoring up identity and countries. social the media privacy,

internationally, big we forward, areas especially opportunity expand Moving portfolio core in to still the our beyond have product security. a

behaviors The and form short evolve and we customers’ the long and expectations. XX marketing last of rapidly our business, In as social our traditional changing our activities. investment of is to adapted direct-to-consumer In second and area environments months, we go-to-market. balance initiatives

we year, the to marketing. our of investment the in performance During increase and top continued funnel

have believe of we to true increase on acquisition well for costs, we cyber we as range While customer particularly effectiveness the continue customer safety. continue the value retention costs. faced operate as to towards we target returns plenty we investments is That within and journey our increase our along higher to room advertising and our total

‘XX. business continues up telco, solid and result Our indirect fiscal mobile expectations new is XX% momentum benefit record and signing providing ‘XX. the with fiscal into accounts growing revenue in in partner channels, customers employee to with a us outperform growth of This our year

protection first United the identity to which services theft Canada, has outside offering of and our restoration in TELUS with partnership Our States, begun fruit. was bear

product. gained have Japan in also market mobile monitoring We meaningful web dark our share with attached

channels employee were year in these two for both up about and channels. mobile sixth customers quarter, the with double-digits consecutive XXX,XXX net Our benefit the for added new

focus adoption e-tail, joined pathways year taken continue our last organization will drive building OEMs, the environment, cyber as Building increased To to as customer intentional us and direct year, on year’s fiscal the geographies Travis and service effect, strengthen go-to-market Avira CEO we Witteveen, business providers focused multi-channel activities. focus a all that into Going including established channel. across the working partnerships, earlier with has safety XXXX, this who leadership formed of of new to retail marketing such on acquisition, a benefits, and market sales a globe. employee of motions momentum, higher more segmentations, offering efforts, on to on comprehensive commercial we are newly targeted acquisition freemium

focused growth our and product have by our as talked we initiatives. key driving branding on with is our diversifying of ‘XX, engagement about go-to-market drivers. we our innovation marketing fiscal investments. two higher third one So, A customers In

for XXX awareness increasing this DTC last TV, our year. brand memorable and partner driving media. in globe. trust campaign via more channels radio and our brand brand and video, both went relevant Our the media a creative across consideration relatable, loyalty. marketing dollars and towards made was traditional many comes and Norton of social localized that marketing award OTT, mind The winning to activated campaign launched digital It One [ph] combination countries Unsafe to traditional and campaign is digital in Norton storytelling brand

rate showed in campaign, specific performance response click-throughs. video our digital this For metrics and great improvements

will continue make cyber and more consumers’ impactful safety relatable day-to-day to to channels through different storytelling these activities. we craft balance forward, Moving investments to

build engagement and customer Finally, integrated cyber of we offering. our the is safety satisfaction as strategy another critical component

We promoter net the last in overall the score to satisfaction our have improved and customer XX increase XX. over months

the We upon in in opportunities our put customer is We the we improve first experience. with it end-to-end embrace we our ending delight know have to that journey of of customer that voice and an never and heard a we is this generally do. have area, customers. We ensure embarked plenty everything customers

and cyber insight platform customer and strategy and growth to components and moving for people multi-brand a channels, are go-to-market than evolved everywhere. identity, need our diversified more reality. and safety privacy other our only of innovation, of priorities product up strategy device Consumers will scale have more So, key security. points adjacencies. elevated the best maximize satisfaction everyday forward trust-based to become There touch an Cyber into unfortunate attacks and be part critical

Our mission is to that help and guard consumers. save solutions build easy-to-use technologies

are consumer to transformation the and cyber drive pursue we of well positioned objectives. So our looking long-term ahead, safety

of geopolitical that along that create their continue to or know can journey, headwinds macro recognize consumers will we lives. events protection While comprehensive our we level bumps need digital

and we multiple have our are growth and by balance our levers, pursue resiliency, strong sheet profitability, we backed As flow financial we cash proven vision, generation. robust

and of also work cross-selling Of us to as innovation opportunities year, pursuit a ahead we we new portfolio activities. expect lot in course, enter of we a and customer retention expansion the continue acquisition, we fiscal and know have from new

brief Avast. Finally, merger with proposed update on a our

Our remains calendar anticipated to mid closing merger XXXX. the late of

market consumers dynamic review business a In the continue engaged will our that only very to competitive the to this move process are market. the the continue across meantime, We UK Phase forward. and transaction and can we actively benefit in with believe strongly globe X authorities in

to turn results more very cover And to the call with eager details. the together Avast still everyone. now to transformation me over for let safety freedom of and to We’re cyber accelerate digital consumer power come the in Natalie

Natalie Derse

hello, and Vincent, you, everyone. Thank

and QX business. above plans For year revenue, consistent focus strong year starting by financials, I first of XXXX We will our results, in outlook through Fiscal was our our followed XXXX constant fiscal performance XXXX. finished turn, a in of full for $X.X execution billion met growth non-GAAP growth QX currency, year We slightly our with towards with over year successful our fiscal for and guidance. today’s on provide year a our long-term discussion, XX.X% our details our XXXX then completed objectives. in expectations fiscal

consecutive growth. XX.X%, single-digit We flat low in single-digit achieved growth after XXX currency, grew annual basis points to up Our year year-over-year. margin of of high second bookings an further of X% our constant operating years

year-over-year growth to end XX% at over EPS in guidance original the our $X.XX delivered of high and $X.XX. $X.XX we line, bottom the On of

We customer over have direct ARPU scaled million of industry-leading to monthly retention of XX.X and our while maintaining customers $X.XX. XX%

with another for $X Avast, of macro rising free up We Shifting the excellent our ended headwinds, As XX% approximately we merger resiliency we prepare the and operating amidst cash to with billion flow, the demonstrating our results. overall QX year year-over-year. quarter in delivered discipline business. our

quarter customers X% pronounced filings. two-point headwinds added as points constant rates in currency consecutive and yen a including April, QX translating in the several million, given with euro Our to growth in net constant year-over-year and the spot grew the QX and This identity up which year. quarter-over-quarter. last in these is U.S. new of in-quarter a adds. a our we year and row and continued sequential a We USD, XXX,XXX anticipate new headline bookings tenth an constant X% the up was on dollar. both have higher tax mix as against currency the trend growth, in calendar expected, It of even was has record revenue quarter and Since bookings the headwinds March the growth QX currency second of XX% our of – was in net broad-based have unfavorably. top more top customer the to currency $XX $XXX of to XXX,XXX been currency start of million. QX line headwind increase timing impact in seen to X% we in depreciate

newer base and including retention was since cohorts for focus newer remains improvement drove Looking at strong, major or to overall us year $X.XX. performance customers. expanded renewed and last ARPU, We towards is again monthly have mix as more first this even our that shifts across retention and year key year. metrics, sequentially user, customer our above other unit in revenue QX average XX%, operating a Retention per customer slightly our

As a result, QX the our direct year. business grew X% and for X% in

its the and QX, growth. Our momentum consecutive in year-over-year partner of marking up XX% double-digit sixth quarter business continued strong growth

climb gain distribution and more business continued as our offerings. the identity broadening international adoption to traction Our we in of

total nearly Our X was when business represents to XX% now indirect it ago business. XX% our years of business of our compared

time reach, our tenet and more broadening While channels, this as business and diversifying cycle our sales we we area strategy. resources focus in to indirect this a dedicate has scale, our long-term go-to-market takes continue driving a on key to as acquisition customer of growth our longer

lean, the revenue. we’re to now for mean XX% XXX of our our driven – merger, does QX not cost of the our our Avast functions margin points G&A not revenue gross XX.X%, at and growth Turning profitability. investing. basis and at margin continue XX% up X% than quarter discipline. up This sustained by was run anticipation less year-over-year, operating In to both

have structure operate the dollars and XX% efforts. to regards to and our quarter, intentional our approach how committed funded of XX% by EPS EPS and execute nimble in marketing $X.XX our We and EPS a for growth initiatives cost was With investments we drive income the high We expansion we repeatedly at disciplined driving compared guidance of growth, for in will cost make continue remaining achieving in we last long-term continued the driving to invest allocate healthy up objective was new to Diluted QX on optimizing ROI. R&D, while business and for our We innovation product being remain development $X. end we ready net our year. for million, with to $XXX committed the up range. and merger. to synergies our

balance was our QX cash million cash sheet. million. cash $XXX flow and $XXX Turning flow and to operating flow was free

net funded please until any approximately in expected debt include deal Xx this quarter, does close. financing of become does but note, Our leverage our as it net acquisition Xx, lowered to not the not

we reminder, returned In had approximately have of previously we successfully As million raised mergers. shareholders share. the Avast planned financing a announced quarterly regular in $X.XXX form a the we dividend required per of we common for the all $XX that QX, to

of due million repurchase $XXX from settled we and senior August in total our this completed partial repurchased addition, note. XX% year. In of X% represented a of outstanding was in note March, our This the convertible shares

XXXX, of share the June the the dividend paid Directors regular had on approved X, XXXX, as be of QX, shareholders a For for of cash in Board described common quarterly $X.XXX press close XX, all record to June per on of of release. as business

the QX, As pending buybacks share to have of we current buyback as have approximately $X.X the deployed of of the program due merger. any in end we billion not remaining Avast

UK consent certain the time resume light the limited Avast, longer of and have to in Takeover Panel. buybacks share steps line in close taken with to a capacity the However, the both we Avast of

our turning Now to for outlook QX.

weeks, underlying headwinds. But business dollar our want anticipate that emphasize significant we the to macro the health the increasing strong. remains the of strengthening I recent in ongoing environment of With and currency

non-GAAP million constant of QX revenue and X% of to X in million, expect which year-over-year to to range X% of translates an $XXX reflects We growth. $XXX in currency headwind FX growth points the

have have April seen average assumed the dollar in April. rate We and U.S. March currency we depreciation material considering

reflects which year-over-year dilution of per on incremental EPS guidance to new QX non-GAAP conversion expect the in range $X.XX share, of $X.XX cash convertible to feature. a $X.XX $X.XX approximately and debt headwind currency accounting be the with We of from

will mature convertible a we million reminder, in $XXX in notes, As have which August.

what scale accomplished ingredients this fiscal of forward to year, company. have Considering Avast CMA proud the am to in be summary, believe year details playbook and annual constant hope I currency. mid-single our not merger, has results. P&L path will team momentous the long-term provide at want continuing fiscal when discussions, so right I we guidance team to In an of time. far the similar and look be a providing timing I to XXXX, ongoing close to grow expect executing to our we XXXX and had of more this we our full the down and thank and we in our our For digits the achieving growth objectives. bookings ranges to We for delivering merger. our we

new growth to we We including upsell innovation, driving levers more and have multiple that pull, expanding product continue customer more will cross-sell reach customer experience, and improving M&A.

our we disciplined are still be transformation of ebbs We in upward will remain mind, early the a our line. in may flows. and But growth will not days operate. straight trend we be and keep There in how

year strategy share with double XXXX in However, deposit double, with number our to double we triple fiscal proceed the our our another growth. of earnings and of double-digit rates drive customers, forward achieving will be per

turn Operator? As take always, call today, for the to thank back operator time to will now your and I you questions. the your

Operator

Instructions] Fodderwala Hamza of line [Operator First question from Stanley. of the Morgan

is line Your open. now

Hamza Fodderwala

Thank evening. for Good question. you taking my Alright.

I now, a question just for So first. you clarifying had

the growth you be that said mid-single-digit Did range. FY I right? think ‘XX bookings in I would hear

Natalie Derse

Yes.

Hamza Fodderwala

think from to organic an generally I line revenue with tell XX-month on can And in tends basis, on what that a growth, trailing trend basis. like I

any there at So if I’m that in curious all. is disconnect relationship

Natalie Derse

just of count – I that concept, is the disconnect, indicate say, a trending course, year bookings revenue with don’t in where is the streams bookings. our of prior yes. year of next X will yes, any in the get exception, our There And would revenue

you So right track the are yes, on there.

Hamza Fodderwala

Got Got it. it.

Vincent Pilette

do special mentioned there know anything not the late we anything we special is know Hamza, about. Natalie’s XX of short, that months, in outside But no

and bookings so yes, should And trend. revenue

Hamza Fodderwala

remains but particular, are the the you some just alluded just if guys curious, underlying headwinds, you some demand to I Okay. am I And then think macro, still traffic, has there at less environment in strong. incrementally if looking slowdown, currency on material a in just and certain. situation at of interest, is seeing of terms customer been the more in anything of terms around any indication online macro obviously, macro looking

just are if of your seeing leading you indicators demand. of at So, am curious that I in some all

Vincent Pilette

to Yes. are And not we headwind, level the right. macro immune

inflationary aware are pressures. definitely We of

first You pushing. here in have of quarter. and seen which PC expense decline definitely also tighter marketing sign is calendar shipment the increasing, everybody environment a We rates see

through And that mentioned. so navigate we we as

about our of of not outside we one privacy and do at we big we educating a a It’s we that, look portfolio drive identity lot consumers as are growth. to it’s on our the as levers U.S. have On we immune safety We to all have but different expand business comprehensive believe opportunity. cyber side, something

As then on we macro levers reported level that half have on is U.S. But Definitely, we and the is as on per the offering. initiatives first three course, our seen of half offering, as customers about international. about expand has of that, other you to really U.S., country And in been to located headwind. we of have We mentioned and retention volatilities progress. we continue on increasing, the we the all ARPU of retention per are priority to in year the companies. made for opportunity navigate XX progress where a do continue and drive we the we uncertainties third about will by through QX a especially many big as, a is have ARPU of make average, same one of and calendar the higher had feel see outside the lot and months, whatever

Hamza Fodderwala

if could one. one in Maybe Got I a sneak of ton last it. Makes sense.

how to has customers? you of Just the launch of as would around products am level that today? U.S. what in the assess from those the maturity relates relative reception those I solution identity and it of the And curious markets Germany, protection the been to UK

Vincent Pilette

definitely. Yes,

next want of me So, of the digital you kind life, for element to your right. protect, identity digital is

of started identities Every you on XX over is devices suddenly, protect if do identities, the to more you moving a now protecting evolve actions to has of digital to digital then user, identities, If new a if multiple and new about transactions devices, lot digital time, then and your cloud five identity. all digital somebody became data device the you want XX like and all wanted and identities. sum your average even has seven to

to those numbers countries, mean digital U.S., in And social may very so internationally different each very world. protecting things other centric, the security continue countries elements. this mature more then different And credit-centric, into per country

now and may of creates second all the You wallet. to Union then protection. And hackers, version digital know European a unfortunately, of opportunity the is for that provide for launching us

leader a in takes I think we Canada momentum quarter, picking launched time And we it last Over LifeLock here have to year it’s with multiyear seen internationally. in build momentum partnership effort. a format great We this in got Similarly being launched way, TELUS. ago, we space. up. have and different in a know there the traction we Canada, in Japan, this than different in

Germany, launched the build we mature long-term UK, are of for the comprehensive are more for quarter, similar long-term, protection consumers a I market in service-oriented U.S., And still the a and this countries that’s initiatives think U.S. is to to like angled the the outside we we adopt other Just total here the digital we in that’s know it then know maturing.

Hamza Fodderwala

floor. Thank will leave I you. the

Operator

[Operator Instructions] Kalia next line question of Our Barclays. the of from Saket is

Your line open. is

Saket Kalia

guys. last Natalie. line clarify just I from the Hey just Great. of my questions Hey here. taking something questioning. want Thanks Vincent. Okay. to Hey for Natalie,

think at guide maybe the digit that’s maybe Just sort just the growth I understanding bookings look and just – I disconnect is revenue did bookings talked QX the was primarily guide? the we that FX. of on as-reported or it, between that? the the to difference and wrong think any revenue – revenue Is way of growth. I misunderstand FX thoughts So, growth implied just that it about mid-single that was with sort My disconnect and in

Natalie Derse

the play deferred FX revenue in got mean sheet, period off revenue the off. course, balance is, is deferred period balance as and only not sheet. got balance balance into revenue have the rolling what in as the bookings recognize with the bookings have then between partner we the rolled comes combined we is of I rolls The difference we we and Yes. and off then

– obviously the as off talked – balance don’t need we deal mid-single bookings. the see impact with to so rolls the that range And we digits of we in I But need it FX about is for sheet.

am about. a of to to just reiterate X%. currency for we not constant what X% sure Just QX disconnect talking guide are I

Saket Kalia

Understood.

Vincent Pilette

to somewhat growth that, just line. rate mid-single-digit Vincent, a on is in booking add Second,

You can assume create as revenue up. that disconnect that you rate, have, trends significant year the then currency Natalie full have always Unless then take bookings, that would today’s months catch as revenue. mentioned, can that and in spot get in And XX a balance to you get so at shift deferred slight reevaluated the well. reevaluate

Saket Kalia

Understood. Okay.

about the subscribers about costs. higher acquisition you that renewal to Sorry, more can we come just get Vincent you side you, – talk maybe sure it ARPU, through economics plans? wanted Natalie, make for mean to lower – customer on comment of for sort I just Maybe I of just impact talking on are you understood just employee the just because are just mean of you on those economics employee stuff. I benefit could totally it. anything through Anything benefit direct talk margin subscribers the about that the come just or that clearly, fun I plans. was those or can but some is, actually, the that

Vincent Pilette

Yes.

is that numbers major faced the the back coming we we to we your That navigate the end all, but transparency here. have through of employee operational the know was EB lock it’s of reason exciting, headwind so benefits plan. of When can of first a it we EPS. Currency implication. At So – through we ahead also outside for offering. very day, it’s currency temporary, the apologize. currency, majorly exciting would And full have Currency and of no isolated impact no momentum are to we report to constant it. have. now, important what need currency, on comes it it’s in the We manage the our is, trying large and have is it true and also channel, the be on currency so it’s investors issue investors assess that, their our on really to

are in sponsored of And up the by space. many identity the So, being we sign it’s accounts the employer.

the pay been Sometimes asked employees portion have a it. of to

XX% subsidized. identity, channel it’s continue channel to I our Sometimes in can in a would The say that’s portfolio you lower want, in for us cost, But the you of a is ARPU more that about know, step lower the in slightly structure, we if variable It’s ARPU as cost ARPU. it’s a important channel not in terms offering. big grow overall which or structure. a cost cost structure. fully function to it’s up identity. And the And line is

great so in EB direct a through. from is would of channel customers drop contribution And benefit any that offering at incremental the our LifeLock the

about So, feel economically we really we good that channel that continue to invest in.

Saket Kalia

it. helpful. That’s Got

one could in. squeeze I for last you, maybe just if Now

that any for mechanics close? malware buyback you been buyback use are authorization the walk could that able a how in that buyback while. given given and potentially maximum – now Avast, of the of kind haven’t is the of Can there out just between the mentioned you You potential just to we just through deal you lay can allowed to sort for share waiting kind of mechanics on work mode a

Natalie Derse

Yes. Thanks able and XXXX. to haven’t said Saket. the fiscal Share as buyback, year know, in any we as we do on guys you call, been

XXXX looking to are we that. in use forward to to So, able be

it talked but we our restricted. have strategy, about been key a allocation We tenet just capital have of as

can very out it’s opportunity to very, to we really in do of looking really really in trying we go is It’s are forward, buyback. we when get specific as any there So, in terms back only and not order at figure – do it. share opportunistic

work the the We UK and have across Avast takeover got aisle to panel. obviously with

the very for us specific limited do mechanics is very So, opportunity very, very, to there and it. are

them worked it do we as have and with but on some the XXXX, forward look are gained we out execution. to into the ability limited We still have – work very mechanics we to

Saket Kalia

very That’s it. helpful. guys. Got Thanks

Vincent Pilette

Thank you.

Operator

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

Vincent Pilette

Jeff. you, Thank

incredibly there execution. am As future. from but year and about I team’s pains, results execution, are focused business incredibly on of our level. reflect our consistent are driving to I ago, we am and our and a on growing I the strong on optimistic investing a some ups Certainly, plan transformation intensely proud and scale for global growth downs

for with well. your very Thanks and safe NortonLifeLock of forward we look thanks So, joining. continued and stay connecting Stay support to soon. for you

Operator

this And you everyone. conference today’s Thank concludes call.

Gen Digital (GEN) 6 May 222022 Q4 Earnings call transcript