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This statistic highlights McAfee Corp’s Revenue by Geography, split across the United States and Other regions, reported on a quarterly basis from Q3 2019 onwards.
The company’s consumer digitally-led omnichannel go-to-market strategy has proved to be helpful to consumers in vital moments of their purchase lifecycle. This has in turn resulted in the protection of over 600 million devices around the world. McAfee’s enterprise business protects several large enterprises and governments of the world. This comprises 60% of Global 2000 firms, 77% of Fortune 500, and 86% of Fortune 100 firms, as of December 2020. The company’s large government accounts reflect more than 25% of their 250 biggest enterprise customers and more than 45% of their top 250 Enterprise customers’ annual contract value in 2020, having a mean tenure of around 20 years. McAfee’s business operations have a global reach. 45% of their fiscal 2020 net revenue was gained from regions other than the United States.
|Revenue by Geography||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
Total revenue in Q3 2020 peaked at $728 million. The latest quarter grossed $491 million thereby marking a QoQ growth of 5.14% from Q2 to Q3 2021. The YoY decline from Q3 of 2020 to 2021 was 32.56%.
McAfee garners a majority of its revenue from the United States. From the above-given timeline, revenue peaked in Q3 2020 with $402 million. The revenue dips in the second quarter of 2021 to $284 million, from here on, it gradually rises to $300 million in the subsequent quarter. There is a QoQ growth from Q2 to Q3 2021, of 5.63%. Though there is a QoQ growth, the revenue mix for said quarters is almost even at 61% of the respective quarterly totals. Revenue from Q3 2020 to 2021 shows a year-over-year decline of 25.37%. The revenue mix for Q3 2020 was 55%, which means that though the quarter reflected the highest revenue in the above timeline, its revenue contribution to its quarterly total was lesser than that of the other quarters.
McAfee runs its operations in several countries. Their business activities focus on certain geographic regions which include, without limitation—Europe, Middle-East, and Africa (EMEA), Latin American Region (LAR), and Asia Pacific (APAC). For the fiscal year 2020, the company gathered 44.8% of its net revenue from international customers. Thus, McAfee’s international as well as domestic operations and in turn, their financial results can be potentially impacted adversely by external factors that are out of their control.
Other international regions contributed around 39% of the latest quarter’s revenue with $191 million. The third quarter of 2020 grossed the highest revenue from the above-given timeline—with $326 million. This revenue dropped in the coming second quarter of 2021 at $183 million. The QoQ growth from the second to the third quarter of 2021 was a mere 4.37%. The YoY decline from the third quarter of 2020 to 2021 was a veritable 41.41%.
About the Company
John McAfee founded the company in 1987. Having been incorporated in Delaware in 2019, the company has pioneered and led the field of consumer, enterprise, and government protection from cyberattacks for more than 30 years with the help of integrated privacy, security, and trust solutions. McAfee’s headquarters are in San Jose, California. The company has built its platform through a deep history of innovation, thereby established a leading global brand. McAfee’s singularly significant objective has been to protect all that matters through their leading-edge cybersecurity. This company is listed on Nasdaq under the ticker symbol ‘MCFE’.
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