Strong anti-virus sales helped the company post a first-quarter profit.
Security software firm Network Associates says strong anti-virus sales are a key reason it posted a first-quarter profit, compared with a year-ago loss.
The company, known for its McAfee anti-virus software as well as its network and application lines of intrusion prevention software, reported net income of $56 million, or 32 cents per share, for the quarter ending March 31. For the same period last year, Network Associates reported a net loss of $3.7 million, or 2 cents a share.
Total revenue for the quarter was $217 million, compared with about $215 million last year.
The company said last week that it will change its name to McAfee Inc. and sell its Sniffer network and application performance division for $275 million.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.