David DeWalt Our best results in three years Friday, February 8th, 2008 at 6:27 pm by David DeWalt

Yesterday on our earnings call with investors we delivered our best sales results in more than three years and achieved our third consecutive quarter of accelerating growth. It’s been a busy year for McAfee – we completed our restatement and we’ve been working hard to transform the company. We had double-digit growth across all non-GAAP metrics and set records across the board. We are focused and energized, and our execution is only going to improve.

Here are the highlights:

* Record revenue of $357 million
* North America grew 11% year over year
* International grew 24% year over year
* Record deferred revenue of more than $1 billion
* Record non-GAAP net income of $75 million
* Record non-GAAP diluted earnings per share of $0.46

The security market continues to be a spending priority for our customers. Industry analysts have forecast security spending will increase at a rate of two to three times that of overall IT spending. We could not be more optimistic about the company and demand for our products.

And to top it off we completed our acquisition of ScanAlert, marking a significant step forward in our efforts to make the Internet safer for consumers everywhere. As I said when we first announced our intent to acquire ScanAlert, we plan to integrate the company’s trusted e-commerce service into our SiteAdvisor technology to protect consumers as they search, surf, and now shop.

ScanAlert audits and certifies the security of more than 100,000 Web sites, and its patent-pending technology protects more than 50 million e-commerce transactions each month. SiteAdvisor, which has been downloaded more than 100 million times around the world, uses a simple rating system (red, yellow and green) to warn users about risky Web sites that deliver malware, contain browser exploits, display aggressive pop-up ads, try to scam visitors, provide a poor online shopping experience, or send multiple spammy emails.

Together these stellar technologies will form the industry’s most powerful shield yet against cybercriminals.

Cheers,
Dave

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