Announcement might take a few weeks.
Within days of HP’s decision to break in two, Symantec is reportedly in talks to split its business into two entities, with one selling security programmes and the other focusing on data storage.
Bloomberg reported that an announcement on the split might take a few weeks.
Symantec’s security business has been affected with the slump in personal computer market.
Declining to comment on the report, Symantec spokeswoman Kristen Batch told Reuters: "The company does not comment on rumours."
The division of its businesses is speculated to make them attractive to potential buyers such as EMC and HP that are interested in stand-alone security firms or in an independent storage business.
Symantec earned $1.7bn revenues during the quarter ending July 2014, up 2%.
Its net profit increased 50% to $236m compared to the corresponding quarter a year ago.