McAfee.com 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. McAfee.com 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).”
