Today, we announced our Q4 2009 results to Wall Street and delivered McAfee’s 16th consecutive quarter of double-digit growth across revenue, Non-GAAP earnings per share and operating cash flow.
This marks another “triple double” quarter— we increased market share in all four quarters and continued to strengthen the foundation for the future of our company. Our focused execution combined with strong demand for leading comprehensive security solutions again delivered solid results for McAfee.
- For the fourth quarter 2009, revenue reached a record $525.7 million, an increase of 24 percent year-over-year and eight percent quarter-over-quarter
- Cash flow from operations reached $145 million, an increase of 108 percent year-over-year and a decline of four percent quarter-over-quarter
- GAAP and non-GAAP earnings per diluted share were $0.34 and $0.64, respectively. Non-GAAP earnings per diluted share increased 20 percent year-over-year and four percent quarter-over-quarter
- We grew consumer revenue 15% year-over-year to a record $188 million in the fourth quarter of 2009. Corporate revenue reached a record $338 million, an increase of 30% year-over-year. The mid-market business grew significantly at 26% year-over-year for the full year 2009.
Our security product portfolio continues to lead the industry. Just this week, we unveiled our 2010 consumer product line, delivering the fastest, lightest and most effective consumer PC protection in the company’s history. We also recently announced McAfee Total Care services for consumers and McAfee Security QuickStart Services for SMBs.
On the enterprise side, McAfee announced the McAfee Full Spectrum Network Defense solution, which features major enhancements to the McAfee Network Security Platform. We also announced the McAfee Email and Web Security Appliance 5.5 and new partnerships with Facebook, AT&T, Verizon, British Telecom and Fujitsu.
In summary, 2009 was an outstanding year for McAfee and has paved the way for a solid 2010. Despite a difficult macro economic climate, both the growth rate and the quality of our business has improved year over year. The combination of our partnerships, products and a great team at McAfee continues to fuel our growth and our pursuit of becoming the number one security vendor in the world.