Feeds

McAfee charts course for turnaround

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

  • alert
  • submit to reddit

Remote control for virtualized desktops

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

Remote control for virtualized desktops

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.