Acquisitions Drove Margins for Symantec
Symantec (SYMC) has maintained strong operating margin growth in the last five quarters, fueled by two large acquisitions made in fiscal 2017. The acquisition of Blue Coat Systems and LifeLock drove the company’s Consumer Digital Safety business and generated cost synergies of more than $400.0 million in the last two years. The company’s strong cost synergies have been reflected in its operating margins.