Avast Posts 51 Percent Revenue Growth in 2014; Adds Nearly 30 Million New Users

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Secondmineboy

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May 25, 2014
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Market-leading Innovation Drove Strong Global User Growth and Stellar Financial Performance

Redwood City, California, March 31, 2015 – Avast Software, maker of the world’s most trusted PC and mobile security, recorded yet another excellent year in 2014. Financially, Avast finished the year with revenue of $217 million, representing 51 percent year-over-year growth, and EBITDA of $154 million. Avast’s compound annual growth rate since 2008 has been 56 percent. In addition to its impressive financial performance, Avast added nearly 30 million new users to its already market-leading total of 230 million.

"2014 was another great year for Avast," said Avast CEO, Vince Steckler. "While our competitors struggled to increase revenues or to add new users, we succeeded with doing both. Our success was driven by our market-leading innovations, which include the first-ever home-network scanner, the first-ever free SMB security solution, and an innovative mobile security app that was the fastest ever to reach 100 million downloads on Google Play."

In 2014, Avast named John Schwarz, former Symantec president and COO, chairman of its board of directors. Avast also added Warren Finegold, group strategy and business development director at Vodafone, to its board to provide strategic guidance for its rapidly growing mobile business.

Avast now protects more than 30 percent of the consumer PCs in the world outside of China. In 2014, 120 million Avast users came under attack and were shielded from threats by Avast’s unique protection network. Avast identified one billion unique malicious files, and scanned 8.5 trillion URLs for phishing scams and malware. Avast‘s updating infrastructure handles more than 40 million concurrent connections and the Avast cloud engine services more than 150,000 requests per second. In 2014, Avast Browser Cleanup cleaned 146 million browsers by removing unwanted tool bars and returned 101 million users back to their desired search engine.

ABOUT Avast:

Avast Software (www.avast.com), maker of the most trusted mobile and PC security in the world, protects more than 230 million people and businesses with its security applications. In business for more than 25 years, AVAST is one of the pioneers in the computer security business, with a portfolio that includes free antivirus for PC, Mac, and Android, to premium suites and services for both consumers and business. In addition to being top-ranked by consumers on popular download portals worldwide, AVAST is certified by, among others, VB100, AV-Comparatives, AV-Test, OPSWAT, ICSA Labs, and West Coast Labs.
 

Secondmineboy

Level 26
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Verified
May 25, 2014
1,559
Well, almost 90 percent of their users run Avast Free Antivirus, but they need to get money somehow.

Also they reduced the popups recently
 

motox781

Level 10
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Apr 1, 2015
483
I stopped installing AVAST on other PCs due to their aggressive marketing. Average users hate or get confused with popups of any kind.
 

oneeye

Level 4
Verified
Jul 14, 2014
174
All those aggressive marketing/upgrade popups in their free offering is paying off. :)

I'm sorry,but that's not exactly true. At least on mobile,I am never bothered by anything like what you say. The offer to go premium is a static display on only a few pages in the app. So,even though I can't speak for desktop,I doubt they are agressive on those machines.
 

aztony

Level 9
Verified
Oct 15, 2013
501
I'm sorry,but that's not exactly true. At least on mobile,I am never bothered by anything like what you say. The offer to go premium is a static display on only a few pages in the app. So,even though I can't speak for desktop,I doubt they are agressive on those machines.
Then you should try the desktop experience, see how you like it. Though, it has gotten better than it was some months ago.
 
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