
Veni, vidi, viri, vici...
By Aled Herbert
Published: 17 January 2002 13:50 GMT
Anti-virus vendor McAfee.com has reached pro-forma profitability for its fourth quarter and for its full fiscal year following the massive rise in virus attacks last year.
The company reported a pro-forma profit of $4.2m - or nine cents per share - based on revenues of $18.6m for the three months ended 31 December. The company's revenues were up $6.5m on the same period last year and a 15 per cent rise on Q3 2001 revenues.
Net profits for the quarter were $904,000 or two cents per share.
Meanwhile, McAfee.com's revenues for the full fiscal year were $62m, compared to $46.9m in 2000 - a rise of 32 per cent. Pro-forma net income for the year was $6.8m.
Eighty-nine per cent of McAfee.com's Q4 revenue was derived from subscriptions to its online services and software licences.
Revenue is now expected to reach $19.1m ahead of analysts' original suggestions of $18.6m. Full year revenues could reach $90m compared with the previously expected $84m.
The results follow similarly positive figures from rival Symantec today. The rise of viruses in the wild has clearly had a beneficial effect on security vendors' fortunes.
Development Manager to increase the revenues within the commercial division. You will be meeting with the Sales Director on a monthly basis to ...
BackupExec, ArcServe, Virus Checkers – Symantec, Sophos and McAfee, Citrix, Server Hardware, Desktop Hardware, Storage Hardware, Cisco and or ...
You will ideally have experience working for a security vendor such as McAfee, Sophos, Barracuda, VMWare, heckpoint, MXSweep or similar or a reseller ...
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