McAfee Touts SMB Efforts as Q2 Revenue, Earnings Rise
Samenuk&'s remarks came during a conference call during which he reported that the company grew both earnings and revenue for its second quarter.
“[McAfee is] investing heavily in products for SMB,” Samenuk said during the conference call. “In the third quarter, we plan to introduce a new low-end secure content management solution that will combine anti-virus, anti-spam, anti-spyware and URL filtering into an inexpensive, easy-to-use appliance,” he said.
The Santa Clara, Calif-based company this quarter also plans to upgrade its Managed Mail service, part of McAfee&'s suite of desktop, server and gateway security services for SMB customers, he said.
During the second quarter, McAfee grew SMB bookings by 16 percent year-over-year, while its large enterprise business grew 7 percent. McAfee&'s consumer business, which accounted for nearly half of its revenue, grew 69 percent compared with the same quarter a year ago, he said.
The company also continues to bolster its channel programs, part of change begun two years ago to morph into a partner-focused company he said, pointing to last week&'s roll-out of an upgraded partner portal.
For its second quarter, ended June 30, McAfee earned $41.7 million, or 25 cents per share, up from $10.2 million, or 6 cents per share, the same quarter a year ago.
On a pro forma basis, the company earned $52 million, or 31 cents per share, exceeding analysts&' expectations by 6 cents.
Revenue for the quarter climbed to $245.4, up nearly 9 percent from $225.7 million the same quarter last year. Excluding revenue from discontinued businesses, the company grew revenue by 32 percent year-over-year.
Financial analysts expected the company to report pro forma earnings of 25 cents per share on revenue of $228 million, according to Thomson Financial/First Call.
For its third quarter, McAfee expects sales in the range of $225 million to $245 million with pro forma earnings of 28 cents per share.
Shares of McAfee closed up 75 cents at $29.65 Thursday afternoon prior to the announcement.