Avast grows revenue despite poor demand from SMBs

Avast, a leading antivirus software maker, reported revenue of $425.4 million (+9.5 percent), operating profit of $161.9 million and net income of $112.6 million during the first half of 2019.
Avast at RSA
Avast generated revenue of $395.9 million from the consumer and $25.9 million from SMB business.

Avast added 223,000 new desktop customers in 2019 H1.

Avast has achieved strong demand for its security browser with the number of active users rising to about 40 million. Prague-based Avast monetizes the browser through search revenue and advertising.

Avast, which has 435 million users, said demand for products that protected users’ privacy, such as VPN and AntiTrack, would drive revenue growth for the year to the upper end of its high.

Avast’s Internet of Things (IoT) project reached two important milestones: The carrier-based solution went live with the operator WindTre in Italy; in July, the direct-to-consumer product Omni was released to Avast users in the US market.

Avast CEO Ondrej Vlcek said: “Strong demand for Avast’s value-added solutions, such as VPN, Utilities and AntiTrack, has been accompanied by a resilient performance from our traditional anti-virus products.”

The company is exiting its toolbar-related search distribution business, which had previously been an important contributor to Avast’s revenues.

Avast in February 2019 sold the non-core asset of Managed Workplace, its remote monitoring and management product, to Barracuda Networks. Avast said this business was not core to SMB strategy, which focuses on securing the workplace.

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