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McAfee Soars on Strong Sales
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SAN FRANCISCO - McAfee(MFE Quote) soared past analysts' expectations for the second quarter on strong sales of its IT security products and offered an outlook that was in line with analysts' expectations.
McAfee also said it will buy privately owned data loss prevention company Reconnex for $46 million in cash. The acquisition is expected to close in the third quarter of 2008.
Net income for the second quarter was $47.8 million, or 30 cents a share, vs. net income of $48 million, or 29 cents a share, the year before. ...
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