Symantec: Year 2015 in Review

The year 2015 was a turning point for security software major Symantec Corp.. The highlight of the year was Symantec's agreement to sell its information management business, renamed Veritas after the deal, to private equity giant Carlyle. While the sale will certainly be beneficial for Symantec in the long run, management's distraction on account of the transaction ate into Symantec's revenues and profits in the first two quarters, in our view. (Read: Blockbuster Veritas Sale Claims Symantec's Q...