McAfee Revenue Up 32 Percent
Company Sees Double-Digit Growth in All Regions
Jul. 29, 2005 12:15 AM
McAfee, Inc. announced revenue of $245 million in its second quarter, ending June 30, 2005. Second
quarter net earnings were $42 million.
New McAfee revenue in the quarter grew by 32% year over year, with
bookings increasing by 19% globally. For comparison purposes, new
McAfee revenue excludes the Magic and Sniffer businesses sold in 2004
and the McAfee Research business sold in April 2005.
McAfee demonstrated double-digit year over year growth across all
regions, with revenue increasing by 28% in North America, 20% in
Europe, Middle East and Africa (EMEA), 53% in APAC, 117% in Japan and
83% in Latin America.
Overall, McAfee consumer revenue in the quarter grew by 69% year over
year to $116 million. Revenue from the online consumer services in the
quarter grew by 90% year over year.
McAfee ended the second quarter with cash and cash equivalents and
investments of $1.073 billion. During the quarter McAfee generated
approximately $103 million in cash from operations on a GAAP basis.
"The McAfee team has driven exceptional company performance in the second
quarter by strategically growing our business globally across all segments,"
said George Samenuk, chairman and chief executive officer of McAfee, Inc.
"Our strategy of delivering proven, best-of-breed security solutions to global
customers and business partners of all sizes continues to gain traction as
demonstrated by the strong results in the first half of this year."