SAN FRANCISCO Corp. reports a fourth-quarter loss that was smaller than expected, thanks to growing subscriptions to its Internet-based anti-virus and security services. For the quarter ended Dec. 31, 2000, the Sunnyvale, Calif.-based subsidiary of Network Associates Inc. reported a pro forma loss of $7.9 million, or 6 cents per share, excluding non-cash charges and amortization of goodwill.

That beat the average Wall Street forecast for a loss of 9 cents per share, according to First Call/Thomson Financial. McAfee’s revenues jumped 44 percent, to $12.1 million, in the quarter, compared to $8.4 million in the same quarter of 1999. The company reiterated its previous outlook for a loss of 4-to-6 cents per share in the first quarter of 2001, on revenues of $13.2 million. is expecting to break even overall in 2001, with revenues of $58 million to $63 million. “We continue to grow our core subscription business, building world-class security services and partnering with established players in the industry,” says Srivats Sampath, CEO. “We continue to march toward our first profitable quarter by Q2 (of 2001).”

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters