Today, we announced our Q3 2009 results to Wall Street and delivered McAfee’s 15th consecutive quarter of double-digit, year-over-year revenue growth. It was another “triple double” quarter—achieving double-digit growth in revenue, operating cash flow and non-GAAP earnings-per-share.

In the third quarter:
• McAfee reported record revenue of $485 million for Q3 2009, an increase of 18% over the same period last year
• Corporate revenue grew 25% year-over year to a record $308 million, and we closed 31 enterprise deals valued over $1 million, the highest number of million dollar deals for us in a quarter
• On the consumer side, revenue grew 8% to $177 million
• In midmarket, we saw strong movement away from our competitors’ products to our Total Protection Suite, with a 53% increase in displacement sales
• We saw solid growth across the world in Q3 with North America revenue reaching a record $273 million and international revenue reaching a record $212 million

Our security product portfolio continues to lead the industry.  In Q3, we launched a new consumer online backup product, announced a new RiskAdvisor 2.0 product, and released Total Protection Service 5.0.  McAfee expanded our endpoint protection products for the Apple Mac platform as well as our McAfee Firewall Enterprise appliance product line with the HP BladeSystem.  During the third quarter, we also closed the acquisition of MX Logic and included their products into our product line. 

McAfee’s financial results for Q3 clearly show that we are seizing the opportunities to broaden our security footprint on almost every layer of the technology stack. Our “Silicon to Satellite” vision is winning in the marketplace.  The remarkable combination of our products, partnerships, strategy, and most importantly, our people, accelerates our drive to become the number one security vendor in the world.

We are focused and have a great outlook through the end of the year. We feel we are uniquely positioned to continue to expand our share of the market.

Regards,

Dave

Tags: Acquisition, Dave DeWalt, Mid-Market