McAfee Associates Inc, Santa Clara, California vendor of network security and management software, posted second-quarter net income of $23.7m, or $0.44 per share, when Wall Street was only expecting $0.40. Revenue for the quarter rose 112% to $86.3m. During the quarter, the company launched it subscription-based software license purchasing plan, McAfee Assurance (CI No 3,163), […]
McAfee Associates Inc, Santa Clara, California vendor of network security and management software, posted second-quarter net income of $23.7m, or $0.44 per share, when Wall Street was only expecting $0.40. Revenue for the quarter rose 112% to $86.3m. During the quarter, the company launched it subscription-based software license purchasing plan, McAfee Assurance (CI No 3,163), WebScanx and VirusScan Security Suite. Six-month net income was $43.4m, or $0.81 per share, on revenue up 114% at $159.6m, compared to net income of $10.5m last year.
