McAfee posts solid Q4 numbers helped by currency fluctuations

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McAfee posts solid Q4 numbers helped by currency fluctuations

Simon Quicke

All the arrows were pointing upwards for McAfee as it unveiled its Q4 numbers with the vendor benefitting from currency fluctuations and the continued strength of the security market.

Net revenue for the quarter ended 31 December increased by 24% to $525.7m, with a $23m contribution from positive currency fluctuations and GAAP net income also improved by 20% year-on-year to reach $54.5m.

For the year net revenue increased by 20% to $1.9bn and net income was stable at $173.4m.

In terms of breaking down where the business grew the corporate business increased by 30% and the consumer operation saw its sales rise by 15%. the US still produced 57% of the revenues but revenue grew 24% in EMEA compared to 2008.

Dave DeWalt, president and CEO of McAfee (pictured), said that dave_dewalt.jpg had been produced against the backdrop of a recession but showed the "ongoing solid demand for comprehensive security solutions".

He added that its product portfolio should put it in the position to get " continued market share gains".

The vendor also announced that its COO and CFO Rocky Pimentel is retiring later this year and the firm is on the hunt for a replacement.

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