Feeds

McAfee reports profit dip

Security specialist warns over ongoing accounting probe

Next gen security for virtualised datacentres

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. ®

The essential guide to IT transformation

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
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?