Private Software Companies Release Earnings Early to Calm AI Nerves
A handful of software firms including McAfee have released their earnings ahead of schedule in a bid to convince lenders of their resilience to disruption from artificial intelligence.Cybersecurity firm McAfee told its debt investors that preliminary fourth-quarter revenue was $626 million, little changed from the prior year, according to people familiar with the matter. The firm, backed by Advent International and Permira Advisers, advanced its earnings to provide clarity during market volatili...
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