Feeds

NAI rows into the black (just)

Sales down

  • alert
  • submit to reddit

Securing Web Applications Made Simple and Scalable

Network Associates (NAI) today announced second quarter profits of $1.1 million on reduced revenues.

For the three months to June 30, NAI's net revenue was $216.6 million - approx. 10 per cent down on last Q2's $233m.

NAI's key landmarks for the quarter included the acquisitions of intrusion prevention firms IntruVert Networks and Entercept Security Technologies. Technology from these acquisitions is already beginning to make its into NAI's McAfee Security product line.

Other key product launches in Q2 include McAfee SpamKiller for Exchange, which is designed to help small businesses filter junk mail; improved automatic update tools for the firm's AV scanners; and the release of McAfee Desktop Firewall 8.0.

The firm also beefed up its Sniffer Technologies network analysis and Magic Solutions helpdesk product lines.

Looking ahead, Network Associates expects third quarter net revenue to come in at $220m-$225m, rising to $255m-$260m in Q4.

In March this year, Network Associates was forced to postpone filing results for FY 2002 and restate figures for three previous years (1998, 1999 and 2000) as a result of government enquiries into its finances.

The move came in the midst of a previously announced, joint Securities and Exchange Commission and Department of Justice investigation into NAI's books. ®

Related Stories

NAI re-cooks the books
AV vendors muscle in on anti-spam
NAI buys IntruVert for $100m
NAI buys Entercept for $120m

The smart choice: opportunity from uncertainty

More from The Register

next story
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.