Feeds

McAfee charts course for turnaround

Every day, in every way, we're getting better and better

  • alert
  • submit to reddit

Business security measures using SSL

Anti-virus firm McAfee has reported a drop in first-quarter earnings despite increased turnover. For the quarter ending 31 March 2005, McAfee reported net income of $35.9m on revenues of $236m, compared to profits of $58m on a turnover of $219m in same period last year.

The lowered results reflect a change in McAfee's business - following the sale of its Magic help-disk and Sniffer vulnerability scanning businesses in 2004 - rather than more fundamental difficulties. McAfee said its core consumer security and intrusion prevention businesses are performing well. McAfee consumer revenue in the quarter grew by 114 per cent year over year to $100m. McAfee IntruShield (intrusion prevention) revenues grew have doubled since last year, it added. The firm reckons its tighter focus on the small business sector and recent launch of anti-spyware software will pave the way for future growth.

McAfee expects revenue for Q2 2005 to be between $220m and $230m. The security firm is bullish about FY2005 earnings, raising its revenue predictions to between $955m and $975m, compared to previous estimates of around $947m. McAfee's shares fell to $22.35 on Thursday after the results came out, a drop of 43 cents or around two per cent, but rallied in after-hours trading to reach $23.36. ®

Related stories

McAfee looks ahead after mediocre Q4
McAfee sees accounting weakness
Hotmail ditches McAfee for Trend
Anti-virus vulnerabilities strike again

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.