McAfee pre-tax profits drop 7% despite revenue hike

PRE-TAX profits at the main Irish unit of US security software maker, McAfee last year decreased by 7% to €20 million even after an increase in revenues.

Accounts just filed with the Companies Office show Cork-based McAfee Ireland Ltd increased its revenues by 8% from €340.6m to €368.6m in the 12 months to end of December last.

Earlier this year, McAfee, which has its headquarters for its operations in Europe, the Middle East and Africa (EMEA) in Cork, announced the creation of an additional 30 high-quality R&D jobs at its Cork base.