Sunday, July 3, 2022
-Advertisement-
-Advertisement-
Tech ObserverNewsCyber SecurityKaspersky Lab revenue grows 4% to $726 million in 2018

Kaspersky Lab revenue grows 4% to $726 million in 2018

continued to deliver stable growth in 2018 and increased its global unaudited IFRS revenue to a total of $726 million, representing a 4% year-on-year revenue increase. During a year of evolving market conditions and continuous geopolitical pressure, the company has shown positive growth.

Among the strategic business areas that pushed Kaspersky Lab’s growth in 2018 were digital and enterprise. The company saw an increase in digital sales of 4% and growth of 16% in the enterprise segment, with 55% growth in non-endpoint products and services in particular.

Eugene Kaspersky, CEO of Kaspersky Lab, said: “2018 was a crucial year for us. After all the challenges and unsubstantiated allegations we faced in 2017, we had a responsibility to show that the company and our people deserve the trust of our partners and customers, and in turn, to continue to clearly demonstrate and prove our leadership. Our continued positive financial results are proof of this, demonstrating that users prefer the best products and services on the market and support our principle of protecting against any cyberthreats regardless of their origin.”

Globally, the company’s performance was driven by good results in META with 27% growth. Russia, Central and CIS put 6% growth, APAC 6% and Europe 6%, while there was a slowdown in Latin America wich show negative growth of %11 mainly caused by currency devaluation in the region.

The challenging geopolitical situation resulted in an overall slowdown in the North American market, where sales decreased by 25%. Despite these challenges, Kaspersky lab maintained and developed its presence in the market, with an 8% increase in new licenses sales in digital.

In 2018, Kaspersky Lab advanced the progress of its Global Transparency Initiative by undertaking a number of actions. Notably, the company began the relocation of its IT infrastructure to Switzerland and opened the first Transparency Center in Zurich.

Kaspersky Lab also implemented an audit by one of the Big Four professional services firms of the company’s engineering practices around the creation and distribution of threat detection rule databases.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

- Advertisement -

Your Comment on this Story

Comments

Share on activity feed

Powered by WP LinkPress

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -ESDS SAP HANA Community Cloud
- Advertisement -Digital Senate 2022

RELATED ARTICLES

- Advertisement -