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) --



, which is soon to

become part of Intel (INTC) - Get Intel Corporation Report

, brought in record revenue and beat Wall Street's estimate in its fourth-quarter results, which were released before market open on Tuesday.

The security software maker enjoyed revenue of $550 million, up from $525.7 million in the prior year's quarter and comfortably above analysts' forecast of $545.28 million.

McAfee's CEO, Dave DeWalt

Excluding items, McAfee earned 67 cents a share, although this was impacted by 2 cents of foreign exchange and pre-merger costs, up from 64 cents a share in the same period last year. Analysts surveyed by Thomson Reuters had forecast earnings of 69 cents a share.

For the full year, McAfee brought in record revenue of $2.1 billion, up from $1.93 billion in the prior year's quarter and broadly in line with Wall Street's estimates.

Intel announced its shocking $7.7 billion acquisition of McAfee last year as part of an attempt to diversify beyond its core chip business. The deal, which was recently approved by the European Union, is expected to close by the end of the first quarter.

Rival security specialist


(SYMC) - Get Symantec Corporation Report

TheStreet Recommends

, however, recently said that the acquisition

has created an opportunity

, claiming that McAfee has been distracted by the impending Intel acquisition.

McAfee, which was one of


top security stocks for 2010

, says that its numbers have not been impacted by the Intel deal.

"Our performance accelerated throughout the year and we ended the fourth quarter achieving very strong record results," said McAfee CEO Dave DeWalt, in a statement released before market open.

McAfee shares rose 2 cents, or 0.04%, to $47.92 on Tuesday, as the Nasdaq gained 0.04%.

--Written by James Rogers in New York.

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