McAfee recorded $550 million in revenues for the fourth quarter of 2010, and more than $2 billion for the year.
With its planned acquisition by Intel not far ahead, McAfee posted
fourth-quarter 2010 revenue of $550 million.
The figure represents an increase of 5 percent year-over-year. The company
also posted a net income of roughly $60.6 million for the quarter, up
from $54.5 million in 2009. All totaled, McAfee's 2010 revenues reached
$2.1 billion, an increase of 7 percent from 2009.
"Our performance accelerated throughout the year, and we ended the
fourth quarter achieving very strong record results," said Dave DeWalt, CEO
of McAfee, in a statement. "As we enter 2011, the momentum we have in our
business serves as strong validation of our strategy and the confidence that
our customers, partners and employees have in the proposed combination of
McAfee and Intel."
Intel announced plans to acquire McAfee for $7.68
billion in August 2010
. At the time, Intel CEO
Paul Otellini said the buy would "accelerate and enhance the combination
of hardware and software solutions, improving
the overall security of our platforms."
In the ensuing months however, the company's plans ran into snags with the
European Commission, which handles antitrust issues. Late last month, the
commission agreed to allow the acquisition to go forward, stating concessions
by Intel would ensure fair competition in the market. The acquisition is on
track for the first quarter of 2011, McAfee said.
"Looking forward, we expect to continue to define the marketplace with
our comprehensive portfolio of endpoint, network and cloud-based security
technologies," DeWalt said. "With the proliferation of IP connected
devices and continued growth in the security threat landscape, McAfee is very
well-positioned to further expand the global reach of our security protection
driven by growth trends in mobility, virtualization and embedded devices."