McAfee Fights Recession, Records Revenue Increase

McAfee Fights Recession, Records Revenue Increase

Security company McAfee has beaten the odds of recession, recording a 21 percent increase in revenue last quarter.  The firm grossed $369.6m (£247.7m) in Q1 of 2009.
 

McAfee's profits also went up to $51.8m (£34.7m) from $30.2m (£20.2m) of the same period last year. 

 

McAfee's president and chief executive Dave DeWalt said, "This financial stability is the platform on which McAfee is building industry leadership."

 

“Customers from the consumer to the largest enterprise see the value in our unique and comprehensive security solutions, which provide improved protection, increased manageability and better return on their security investments," DeWalt added. 

 

McAfee hopes to uphold its performance until the second quarter, estimating revenues to hit $455m (£304.9m) to $475m (£318.4m).