05/05/2009

McAfee's financial results for the first quarter of the year show that the software firm had a 21 per cent increase in sales compared to the same period in 2008.

The company had a total revenue of $447 million (£295 million) in the first three months of 2009, up by a fifth from the $369 million (£244 million) recorded in the first quarter of last year.

Profits were also up for McAfee by a massive 77 per cent compared to the first three months of 2008.

'Despite the challenging economic environment, McAfee continues to deliver strong financial results,' commented Dave DeWalt, president and chief executive at the firm.

He added: 'This financial stability is the platform on which McAfee is building industry leadership.

'Customers from the consumer to the largest enterprise see the value in our unique and comprehensive security solutions, which provide improved protection, increased manageability and better return on their security investments.'