McAfee provides over half 1,000,000 subscribers in Q2
Safety firm McAfee on Tuesday printed second quarter monetary outcomes, including greater than half 1,000,000 core Direct to Shopper subscribers within the quarter.
Second quarter diluted earnings, together with each persevering with and discontinued operations, got here to 21 cents per share. Internet income was $467 million, reflecting progress of 22 % year-over-year.
Analysts have been anticipating earnings of 18 cents per share on income $433.99 million.
“We’re very happy with our group’s execution this quarter,” mentioned Peter Leav, McAfee’s President and Chief Govt Officer. “Not solely did McAfee ship one other strong quarter with income, DTC subscribers, profitability and money circulation from operations rising double-digits, however did so whereas concurrently closing the transaction to promote the Enterprise Enterprise… We sit up for persevering with our journey as a pure-play shopper enterprise.”
McAfee in Q2 accomplished the sale of its Enterprise Enterprise for $four billion in money. In the meantime, it added 556,000 DTC subscribers, bringing its complete variety of subscribers to 19.four million. A yr earlier, the corporate had 16.6 million core DTC subscribers.
McAfee additionally in Q2 signed a multi-year prolonged settlement with Samsung to ship shopper safety options to Samsung gadget customers.
For the third quarter, McAfee expects income between $461 million and $467 million.