Avast antivirus owner Gen forecasts strong quarterly revenue on robust software demand
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Cybersecurity firm Gen Digital has forecasted strong second-quarter revenue, indicating increased spending on antivirus solutions to combat digital threats. The company expects revenue between $965 million and $975 million, slightly above analysts' estimates. Gen Digital's comprehensive platforms, including Norton, Avast, and Avira, have seen robust demand due to a surge in online threats and cybersecurity incidents. CEO Vincent Pilette also mentioned the integration of Norton Genie, an AI-driven scam detection tool, into their portfolio.
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