Gen Digital Reports 12% Revenue Growth and Raises Full-Year Profit Guidance in Q2 Fiscal 2027
Gen Digital (GEN) reported strong second-quarter fiscal 2027 results, highlighted by a 12% increase in revenue to $1.37 billion. The company's growth was significantly bolstered by its partner channel, which saw 40% revenue growth to $295 million, driven largely by the integration of cyber protection into corporate employee benefit packages. To drive operational efficiency, Gen Digital has aggressively deployed internal AI tools, which now automate 75% of new engineering code and resolve approximately 50% of customer service interactions. This automation strategy is contributing to expanding profit margins and robust cash generation. With nearly $2 billion in annual free cash flow, management emphasized a focus on organic product expansion rather than large-scale mergers and acquisitions. The company aims to deliver earnings per share (EPS) growth at a faster rate than revenue growth through disciplined capital allocation.
Tickers: $GEN
Topics: AI deployment earnings report free cash flow profit guidance revenue growth
Read the full article at Motley Fool
Part of the story Capri Holdings Reports Q2 2027 Earnings Beat and Raises Full-Year Guidance (16 articles)