McAfee has posted its financial results for the fourth quarter and full year of 2010, revealing record revenue, share earnings and operating cash flow.
Fourth quarter revenue was up five percent on the same period in 2009, reaching a record figure of $550 million. Deferred revenue for the fourth quarter was also up nine percent, bringing in a record $1.5 billion.
Full year revenue was up seven percent from 2009 to $2.1 billion, while operating cash flow increased by 20 percent to $595 million. Cash and marketable securities were at $1.2 billion for the year.
For the fourth quarter non-GAAP earnings per diluted share were $0.67, while GAAP earnings per diluted share were $0.38. Full year non-GAAP earnings per diluted share reached a record $2.57, up six percent on the previous year. GAAP earnings per diluted share for the full year were at $1.17, up seven percent on 2009.
Operating cash flow for the fourth quarter was $164 million.
Intel agreed to buy McAfee for $7.68 billion in August of last year, but anti-trust probes delayed the acquisition. The deal was eventually approved by the ITC and EC, although the latter required that the chips be kept open to rival anti-virus vendors.
McAfee also said that its acquisition by Intel is set to be completed within the first quarter of this year. It’s likely the Intel buyout helped McAfee’s sales in the fourth quarter, but the strong sales are also a likely reason why Intel chose McAfee over rival security software companies in the first place.