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McAfee's profits dip

THE Irish arm of US security software maker McAfee recorded a fall in profits by 7pc to €20m.

The figure was reported despite an increase in revenues.

Accounts just filed with the Companies Office show Cork-based McAfee Ireland Ltd increased its revenues by 8pc from €340.6m to €368.6m in the 12 months to end of December last. Earlier this year, McAfee announced the creation of an additional 30 high-quality R&D jobs at its Cork base.