McAfee.com sitting pretty after viral outbreaks
It's an ill-wind...
McAfee.com, the security ASP subsidiary of Network Associates, has posted results, which show that the firm has moved into the black in the aftermath of recent viral outbreaks, such as Code Red.
Revenues for McAfee.com's third quarter were $16.2 million, up $3.6 million from $12.6 million the same period last year. Net income was $2.75 million compared to a loss of 3.6 million in Q3 2000.
During the quarter McAfee.com signed up more than 200,000 subscribers to increase its ranks to 1,220,000.
McAfee.com's business this quarter has not being without controversy, particularly when it secured a patent for its "software-as-a-service" technology and subscription-based business model for delivering security maintenance, and optimisation services to Internet uses. As previously reported, the patent ("Method and system for securing, managing or optimising a personal computer" US Patent 6,266,774) was considered to have questionable merit because it apparently covered pre-existing and widely used technologies and business practices. ®
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