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McAfee provides over half one million subscribers in Q2

Safety firm McAfee on Tuesday revealed second quarter monetary outcomes, including greater than half one million 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. Web income was $467 million, reflecting progress of 22 p.c year-over-year. 

Analysts had been anticipating earnings of 18 cents per share on income $433.99 million.

“We’re more than happy with our crew’s execution this quarter,” mentioned Peter Leav, McAfee’s President and Chief Government Officer.  “Not solely did McAfee ship one other strong quarter with income, DTC subscribers, profitability and money stream 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.

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