Symantec Shares Rise on SaaS Revenue Plan

Shares of Symantec (SYMC Quote) rose Friday after the security specialist vowed to bring in more revenue through Software-as-a-Service (SaaS).

Symantec CEO Enrique Salem outlined his plan to boost sales during the company's financial analyst day Thursday, with Web-based software services a key priority.

"We have got a tremendous opportunity to go into our customers that have been using our on-premise solutions and enabling them to take advantage of our SaaS capabilities," he said. "We're targeting that to be 15 percent of our total revenue in the next five years." ...