MCAFEE, the security software maker, reported better-than-expected profit yesterday, lifted by growth in its consumer business.
The company reported net earnings for the second quarter of $39.4m (£25.2m) up from $28.7m last year.
Revenue rose four per cent to $489.2m, while non-GAAP revenue came in at $495.3m. Wall Street was targeting sales of $507.4m.
The company’s consumer business grew eight per cent, while the corporate business rose five per cent. Growth in North America and Asia-Pacific was strong, while sales in Europe fell slightly.
McAfee forecast earnings for the current quarter, excluding items, of $505m to $520m.
Shares rose less than one per cent to $30.50 in extended trading.
