COMPANY PRESS RELEASE: McAfee.com a leading provider of Web security services, has announced operating results for the fourth quarter and fiscal year ended December 31, 2001. Revenue for the fourth quarter of fiscal year 2001 was $18.6 million up $6.5 million from the same period last year, representing year-over-year revenue growth of 54 percent.
Fourth quarter revenues increased sequentially 15 percent over third quarter revenues of $16.2 million. Pro-forma net income for the quarter, excluding non-cash charges related to stock-based compensation and the amortization of intangibles, was $4.2 million or $0.09 per share. Net income for the quarter, including such non-cash charges was $904,000 or $0.02 per share.
Revenue for fiscal year 2001 was $62.0 million, as compared to $46.9 million a year ago, representing annual revenue growth of 32 percent. Pro-forma net income, excluding non-cash charges related to stock-based compensation and the amortization of intangibles, was $6.8 million or $0.14 per share. Net loss for the year, including such non-cash charges was $854,000 or a loss of $0.02 per share.
This has been a terrific year for everyone at McAfee.com, said Srivats Sampath, president and chief executive officer, McAfee.com. We delivered on our commitments and executed flawlessly. We continue to prove our standing as a world leader in providing managed security services to consumers and small to medium-sized businesses.