NLOK - NLOK STOCK NEWS

Gen partnered with Planet Water Foundation to provide safe drinking water to over 2,250 residents in Anumandhputheri, Tamil Nadu. The installation of an AquaTower, a filtration system producing 1,000 liters of clean water per hour, was completed at Arignar Anna Municipal School, which serves 340 students. This initiative addresses the lack of clean water in the community, which previously relied on polluted sources, exacerbating health issues. Furthermore, a Hygiene Education Program was conducted to further reduce illness among families. The AquaTower also functions as a handwashing station and will support sanitation efforts through the AquaSan surface disinfection system, significantly enhancing health and hygiene in the village.

Gen has celebrated Earth Month by partnering with Planet Water Foundation to provide clean drinking water to rural communities in India. As part of their efforts on World Water Day, Gen has constructed an AquaTower at the Arignar Anna Municipal School in Anumandputheri, Tamil Nadu. This facility, which services 340 students, will produce 1,000 liters of clean water per hour, significantly reducing school absenteeism caused by waterborne diseases. The AquaTower not only serves the school but also benefits the local community. This project aligns with the United Nations Sustainable Development Goal 6 on water and sanitation. Gen's commitment to sustainability is further detailed in their 2022 ESG Report.

Gen recognized Women's History Month with a series of events aimed at promoting gender equity and empowerment for women and girls. Key highlights include the #EmbraceEquity2023 challenge and participation in the UN Commission on the Status of Women, where Kim Allman spoke on advancing gender equity through technology. The company also organized workshops focusing on self-promotion and leadership development, in partnership with the Girls Empowerment Network. A panel discussion featuring female leaders of Gen concluded the month's activities, reinforcing the company's commitment to women's equity.

Gen Digital Inc. (NASDAQ: GEN) reported strong financial results for Q3 Fiscal Year 2023, with GAAP revenue reaching $936 million, a 33% increase year-over-year. The company's diluted EPS from continuing operations was $0.25, down from $0.34 a year prior. Operating cash flow stood at $306 million. Non-GAAP figures showed revenue growth of 33% in USD and 38% in constant currency, with bookings of $966 million, an increase of 29%. The operating margin improved to 56%, up 3 points. For Q4 FY23, Gen expects revenue between $935 million and $945 million, with diluted EPS projected at $0.44 to $0.46. A quarterly cash dividend of $0.125 per share was also approved.

Gen announces its commitment to environmental sustainability as part of its corporate responsibility program. Despite being a software company with a minor environmental footprint, Gen has significantly reduced its GHG emissions by 60% over the past three years, aided by operational efficiencies and a shift to a flexible work environment. The company emphasizes action over mere commitments, focusing on energy efficiency, renewable energy use, and reducing high-emission refrigerants. Initiatives include the launch of the Sustainable Home Improvement Program for employees, promoting a climate-conscious culture. Gen also collaborates with eco-friendly organizations to extend its positive impact.

NortonLifeLock Inc. has rebranded to Gen Digital Inc. following its merger with Avast. Effective November 8, 2022, the company will trade under the new ticker GEN on NASDAQ, replacing NLOK. Gen combines brands like Norton, Avast, LifeLock, and Avira to enhance cybersecurity and empower users with digital freedom. With over 500 million users globally, Gen aims to address increasing online threats and simplify digital life. The dual headquarters are in Tempe, Arizona and Prague, Czech Republic.