Last Thursday McAfee announced that it is decided getting MX Logic technology. This would provide on-demand e-mail, continuity, and Web services. Its worth is $140 million in cash. The attempt is designed to boost McAfee's security as a service lineup. Security software sellers have been racing to the blur. MX Logic has 40,000 customers and it cover more than 4 million end users in the world. McAfee administrator said that it plans to cross-sell MX Logic with its Web services such as the Total Protection Service. Also McAfee peaked second quarter estimates and delivered a better output in third quarter outlook.
McAfee getting MX Logic and it decide to delivers solid outlook
Mcafee Internet Security
The McAfee Company reported second quarter net income of $28.7 million. Non-GAAP income in the second quarter was 60 cents a share, 3 cents better than outlook. Second quarter revenue of $468.7 million was up 18 percent from last year. McAfee said its project revenue was up 21 percent in the second quarter to $291 million. The corporation also closed 424 deals worth more than $100,000 and 28 worth more than $1 million and 57 deals worth more than $500,000. That score indicates that McAfee may be putting stress on Symantec, which reported unsatisfactory enterprise results.
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