Total operating expenses are down 32% y/y which helped drive an operating margin to 50.2%, up from 30.1% in Q2 fiscal 2020.Īchieving an operating margin above 50% was an important financial goal for the company over the past year since the divestment and sets up a more profitable long-term outlook. The divestment of the company's enterprise business has resulted in significant cost reductions. The gross margin reached 86.9% compared to 85.4% last year.

Revenue in the quarter at $626 million climbed 3% year over year and was also slightly ahead of estimates.ĭespite the moderate top-line growth figure, this was a strong quarter for the company supported by stronger margins. NortonLifeLock reported its fiscal 2021 Q2 earnings on November 5th with non-GAAP EPS of $0.36, which beat expectations by $0.03, up 100% y/y. Within tech, we believe NLOK's 2.6% yield is attractive and see room for dividend growth going forward. This is a quality stock with solid fundamentals and a positive long-term outlook. The company recently reported its latest quarterly results highlighted by continued momentum in its operating environment along with higher earnings. Indeed, including a large special dividend from January, the stock is up 39% this year on a total return basis and outperforming the broader market. The company has benefited this year during the COVID-19 pandemic with a boost in demand and sales driven by trends like work-from-home and distance learning adding a renewed focus to online protection tools. ( NLOK) is an established leader in cybersecurity and identity protection for individuals.

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