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Gen Digital Inc. (NASDAQ: GEN) is a global leader in consumer cyber safety, offering a robust portfolio of security, identity protection, and privacy solutions through its renowned brands such as Norton, Avast, and LifeLock. With nearly 80 million users in over 150 countries, Gen is at the forefront of providing award-winning products and services that protect and empower people to live their digital lives safely.
Gen's core offerings include cybersecurity, online privacy, and identity protection solutions tailor-made for individual consumers. The company’s brands have long been recognized for their excellence in safeguarding personal information and ensuring online safety. Notably, the Avast One suite has recently expanded with the introduction of Avast One Silver, offering modular cybersecurity tailored to users' needs and preferences.
This innovation is a testament to Gen's commitment to evolving with the digital landscape, evident from its continuous product enhancements and the introduction of new features like Email Guardian and Privacy Advisor. Additionally, Gen has demonstrated a strong environmental commitment, partnering with organizations like Planet Water Foundation to provide clean drinking water to communities in need.
Gen's financial performance remains strong, with consistent growth in revenue, operating margins, and customer base. The company is also recognized for its best-in-class technology, validated by numerous awards from independent testing institutions such as AV-Comparatives and AV-Test. These accolades underscore Gen's dedication to maintaining high standards in cybersecurity and delivering innovative solutions to its users.
Furthermore, Gen is actively engaged in social impact initiatives, focusing on driving positive change through digital safety education, community support, and environmental sustainability. The company's efforts in these areas are detailed in its annual Social Impact Report, highlighting its commitment to creating a safer, more inclusive world.
For the latest news and developments, including financial results and earnings calls, visit Investor.GenDigital.com. Stay informed about Gen Digital Inc.'s ongoing projects and achievements as it continues to power Digital Freedom for millions worldwide.
Gen (NASDAQ: GEN) has released its fiscal year 2024 Social Impact Report, highlighting its dedication to supporting communities, promoting digital safety, and protecting the planet. The report showcases Gen's efforts through global partnerships and programs, including reaching over 5 million people with Cyber Safety education and training, contributing over $6M in charitable giving, and completing more than 1,000 sustainable home improvement projects. Additionally, 34% of Gen's global workforce, 40% of its Board of Directors, and 45% of new hires in 2024 are women. The company also achieved a 22% reduction in Scope 1 and 2 greenhouse gas emissions and received numerous awards, such as Newsweek's Most Responsible Companies.
Gen announced a commitment to close the gender gap in Europe's cybersecurity industry.
In April 2024, the company signed a pledge with the European Commission Digital Skills and Jobs Platform.
Gen, collaborating with Women4Cyber, aims to provide free mentorship to 1,000 women across Europe by April 2025.
The initiative includes a six-month training program, networking opportunities, and webinars.
Gen has invested $150,000 annually in this partnership, which began in 2022, and helped mentor nearly 700 women.
The company will also lead roundtable discussions to advocate for increased diversity in the IT sector.
Gen's efforts align with its mission to enhance digital safety and close the cybersecurity skills gap globally.
Avast, a brand of Gen™ (NASDAQ: GEN), reports that social engineering threats constitute nearly 90% of all cyberthreats in 2024. These include scams, phishing, and malvertising, which have heavily impacted both mobile and desktop users. YouTube has emerged as a significant channel for cybercriminals, protecting over 4 million unique users in 2023 and 500,000 in early 2024. Sophisticated tactics like deepfake technology and AI-manipulated audio are increasingly used. Additionally, Malware-as-a-Service (MaaS) is on the rise, with information stealers like DarkGate and Lumma Stealer exploiting platforms like Microsoft Teams and YouTube. Market conditions indicate an elevated risk for cyberattacks, emphasizing human vulnerability in digital safety.
Gen Digital Inc. reported its fiscal year 2024 results, showcasing a revenue of $3,812 million, up 14% in USD, and record-breaking profitability. The company delivered strong financial performance, with Non-GAAP Operating Income up by 21% and Non-GAAP Diluted EPS up by 8%. Gen's Board authorized a $3 billion share repurchase program, reflecting confidence in the company's future. Additionally, the company announced a regular quarterly cash dividend and a leadership update.
Norton and NNEDV released an infographic with 10 tips to help domestic violence survivors protect their financial information online. The tips aim to combat digital financial abuse, a growing issue affecting survivors. The organizations also offer free product licenses to survivors to aid in their recovery from financial or technological abuse. The release coincides with Sexual Assault Awareness Month, shedding light on the critical issue of financial abuse.
Gen, a global company, organized its first Global Volunteer Week, where more than 500 team members from ten countries dedicated over 1,300 volunteer hours to support 33 nonprofits worldwide. The week included activities like creating digital literacy materials, mentoring students, assembling care packages, planting trees, cleaning up neighborhoods, and supporting vulnerable communities.
In celebration of Earth Month 2024, Gen highlights the success of its Sustainable Home Improvement Program (SHIP) over the past two years. The program offers team members grants up to $500 for eco-friendly home projects, resulting in over 1,800 funded initiatives. Employees have utilized the grants for projects like upgrading appliances, planting trees, and installing solar panels, contributing to environmental sustainability. Additionally, the TERRA employee resource group organizes events to promote sustainability, attracting over 70 members globally.
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