In late September, Dave DeWalt, CEO of McAfee
It also means that McAfee keeps posting record revenue growth. In fact, in this week's third-quarter report, the company posted its 11th consecutive record, as revenue increased 12% to $322 million. Net income was $63 million, or $0.38 per share, and operating cash flow was $119 million, up 50% over the past year. McAfee continues to show traction with large customers, with 22 deals for more than $500,000 and eight deals for more than $1 million.
Meanwhile, McAfee is seeing strength in its consumer business, despite tough competition from Symantec
However, there were some weak spots at McAfee. For example, North American revenue grew a meager 2% to $165 million. But I think the Triple Play offering should help boost things and grab market share.
What's more, McAfee recently agreed to acquire SafeBoot. The company -- which has customers like GE
All in all, it looks like McAfee is putting together a good story. The company is launching innovative products, produces lots of cash flow, is getting larger enterprise deals, and has made a savvy acquisition. More importantly, the need for security is likely to continue to grow, especially overseas. And so I have a feeling we'll be seeing more DeWalt blog posts from Asia.
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Fool contributor Tom Taulli, author of The Complete M&A Handbook, does not own shares mentioned in this article. He is currently ranked 4,852 out of more than 70,000 investors in CAPS. The Fool has a disclosure policy.