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While warning of significant headwinds due to the impact of foreign exchange, the company set a forecast for the current quarter that was in line with Wall Street estimates. McAfee shares rose slightly in after-hours trading on Thursday. McAfee said demand for personal computers remains strong, and Chief Executive Dave DeWalt said the economic climate continues to improve. "I see continued improvement in the macroeconomic conditions for IT. We have seen multiple successive quarters of improvement in spending, in most segments worldwide," he told analysts on a conference call. The company reported net earnings for the fiscal second quarter ended June 30 of $39.4 million, or 25 cents a share, up from $28.7 million, or 18 cents a share, in the year-ago period. Excluding items, McAfee posted a profit of 63 cents a share, beating the average analyst estimate of 60 cents a share, according to Thomson Reuters I/B/E/S. Revenue rose 4 percent to $489.2 million, while non-GAAP revenue came in at $495.3 million. Wall Street was targeting sales of $507.4 million. McAfee said it deferred more revenue than normal in the quarter, mainly due to fallout from a glitch in the company's ant-virus software, a problem it revealed in April. The company's consumer business grew 8 percent, while the corporate business rose 5 percent. Growth in North America and Asia-Pacific was strong, while sales in Europe fell slightly. McAfee forecast earnings for the current quarter, excluding items, of 62 to 66 cents a share, on revenue of $505 million to $520 million. Wall Street is expecting earnings of 65 cents a share on revenue of $523 million. Separately, McAfee said it has agreed to acquire privately held tenCube, provider of the WaveSecure mobile security service. Financial terms of the deal were not disclosed. On Wednesday, McAfee rival Symantec Corp, the world's No. 1 security software maker, warned that second-quarter sales and profit would likely miss Wall Street estimates. Shares of McAfee rose less than 1 percent to $30.50 in extended trading after closing at $30.25 on the New York Stock Exchange. (Reporting by Gabriel Madway, editing by Matthew Lewis) Technology iPad Media Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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