McAfee's Q2 Profit Grows to $39.4M

McAfee's Q2 profit grows to $39.4M  
Silicon Valley / San Jose Business Journal
Thursday, July 29, 2010, 1:19pm PDT

Propelled by strong sales in its consumer business, security software company McAfee Inc. on Thursday reported second quarter net income of $39.4 million, or 25 cents a share, up from $28.7 million, or 18 cents a share in the same quarter last year.

Santa Clara-based McAfee (NYSE:MFE) had revenue of $495 million, a 4 percent increase over the year-ago quarter.

Excluding items, the company would have earned $98.2 million, or 63 cents a share.
Analysts expected, on average, earnings of 60 cents a share on $508 million in revenue.

Looking ahead, the company expects third quarter revenue of $505 million to $520 million, with net income of 29 cents to 33 cents a share.

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(CSIA Note: MX Logic was sold to McAfee in the summer of 2009, so we continue to track this company because of the McAfee operation and employees in Colorado as well as their HQ and other regional operations.)