Feeds

McAfee reports profit dip

Security specialist warns over ongoing accounting probe

Protecting against web application threats using SSL

Net security firm McAfee reported reduced quarterly profits on Thursday. The company also warned it may have to restate past financial results because of a previously announced ongoing investigation into its stock option practices.

For the quarter to 30 June, McAfee reported preliminary Q2 2006 profits of $31.4m, down from $41.7m on the same quarter last year. Q2 revenues were $277m, up from $245m in Q2 2005. McAfee expects full year 2006 revenues of between $1.05bn and $1.15bn.

McAfee cautions that its financial statements between 2003 and 2005 can no longer be regarded as definitive as it may have to restate its results. The security firm - like rival Symantec - faces pressure from Microsoft's entry into the consumer security market. But the firm's ability to add new consumer customers despite this has reassured investors, leaving McAfee's share price unchanged. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
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
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.