Income looks safe for McAfee


McAfee has seen impressive rises in income for the second quarter of 2010.

Reporting its results today, the security company showed a 38 per cent rise in income when compared to the same period last year, going from $28.7 million (18.4 million) to $39.4 million.

As well as an improvement on last year's figures, it was a relief for the company for this year, as the first quarter of 2010 showed it making its first loss in 17 consecutive quarters.

"For the second quarter we're proud to report another strong quarter," said chief executive (CEO) of McAfee, Dave DeWalt.

"Our financial foundation is set for continued growth with leading solutions, a world class sales force and the strongest partner relationships in our history."

The company also confirmed it would be acquiring mobile security company and makers of waveSecure, tenCube, for an undisclosed sum. This has continued McAfee's move into the mobile security space after its acquisition of Trust Digital earlier in the quarter.

A statement from the company said: "Adding WaveSecure's locate, lock, back-up and wipe technology to Trust Digital's enterprise mobility management and McAfee's mobile security technology gives McAfee the capabilities it needs to deliver the industry's most complete next generation mobility platform."

Jennifer Scott

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.