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In the recent years, although McAfee is operating at a loss, the scale is becoming smaller. From 2017 to 2019, the company’s losses are $686 million, $512 million and $236 million respectively. And in the first half this year, McAfee has achieved a net profit of $31 million. McAfee’s profitability has strengthened its confidence, motivating it to go public for the second time, so as to enlarge its scale.
Apart from its profitability, the increase of the demand for cloud office is another reason.
Affected by the lockdown policy, more and more people have to work at home, which increases the demand for cloud software. Following the increasing usage of network comes the problem of online security.
According to SecWiki, from January to April this year, the number of network threat has increased by 630%, which undoubtedly is a positive signal for McAfee.
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In addition, the company is in debt of $4.8 billion at the moment, which is an urgent problem and going public naturally becomes its first choice. After going listed, the company is going to lighten its burden with the $525 million acquired from stocks.
It seems that McAfee is going on a right track as its business is profitable at the moment. However, the money from its stock can barely fill its debt, and its profits can not fill its debt in time as well. What McAfee should do right now, is to use the money acquired from stock market to enlarge its business scale, and to boost its profit growth.
Cloud Service Subscription, Key of Long-term Growth
At present, McAfee’s antivirus service is not limited to individuals, it also offers network security products to governments and cooperates all over the world, which means that McAfee not only offers service to individuals and families, but also prevent business clients and government clients from threats in local environment and internet.
Up till June 27th, 2020, McAfee’s clients widely spread all around the world. As data shows, 25% of the top 250 global companies are clients of McAfee. And for VIP clients, McAfee will send service team to clients’ office for on-site service.
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