viewAvast PLC

Avast enjoys strong demand for VPNs and privacy software

The FTSE 250 company said it now expects “upper end of high single digits” growth in 2019

Avast PLC - data protection

Avast PLC (LON:AVST) said it still expects to achieve high single-digit growth in the current calendar year after another quarter of solid sales.

The company, which sells anti-virus software and VPNs, posted revenues up 9% and 7.3% in actual rates to $218.3mln, adjusted to exclude exchange rate fluctuations, discontinued business and the sales of its managed workplace product.

Strong demand for VPNs and its privacy application Anti-Track software in the first half of the year showed billings growing 12.5% to US$454.6mln, with margins inching up to 55.4%.

Avast reiterated guidance from half-year results for the “upper end of high single digits” growth in the full year.

Chief executive Ondrej Vlcek said: “We continue to successfully execute our growth strategy, underpinned by our platform distribution model and our global installed base of more than 435m users."

The shares spiked 7% to 393.6p on Friday morning.

Quick facts: Avast PLC

Price: 521 GBX

Market: LSE
Market Cap: £5.35 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Bango reports record revenue growth in the first half of 2020

Bango PLC's (LON:BGO) Paul Larbey talks to Proactive's Katie Pilbeam `about their latest record revenue growth in the first half of this year. Larbey is confident Bango is positioned to continue delivering growth after reporting revenues of £4.77mln, up 50% year-on-year. He goes on to...

5 hours, 41 minutes ago

2 min read