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Technology Stocks : McAfee - network mgmt and security software

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To: Robert Horwitz who wrote (1)4/21/1997 7:26:00 PM
From: AlienTech   of 66
Well a reply for a message an year ago but the results are the same..

NEW YORK -(Dow Jones)- After the market closed Monday, McAfee Associates Inc. reported first-quarter net income of $19.7 million, or 37 cents a share, better than Wall Street expectations.
Analysts who follow the company for First Call had a mean estimates
for first-quarter net of 33 cents a share.
A year ago, the antivirus software maker, based in Santa Clara,
Calif., had operating net of $9.4 million, or 19 cents a share. A
write-off related to its acquisition of Vycor resulted in final net of
$1.1 million, or two cents a share.
Revenue in the latest quarter more than doubled to $73.4 million.
McAfee Associates said its latest quarter was hurt by the declining
amortization of previously deferred revenue due to the unbundling of
license and maintenance revenue effective July 1995. As a result, first quarter 1997 growth rates aren't directly comparable to prior periods.
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