McAfee Corp. (MCFE) Q1 Revenues Beat

McAfee Corp. (NASDAQ: MCFE) reported Q1 EPS of $0.25, which may not compare to the analyst estimate of $0.36. Revenue for the quarter came in at $773 million versus the consensus estimate of $732.23 million.

“McAfee achieved significant increases in revenue, subscribers, profitability and cash flow to start Fiscal 2021. We continue to secure our customers’ ever-increasing digital footprint as people are living more of their lives online. This accelerating transformation combined with our market leading capabilities drove 25% year-over-year consumer revenue growth and an additional 885,000 net new direct-to-consumer subscribers in Q1. I am very pleased with our team’s continued execution across all regions,” said Peter Leav, McAfee’s President and Chief Executive Officer.

GUIDANCE:

McAfee Corp. sees Q2 2021 revenue of $430-434 million.

McAfee Corp. sees FY2021 revenue of $1.77-1.79 billion.

For earnings history and earnings-related data on McAfee Corp. (MCFE) click here.

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