Friday 18 October 2019 7:23 am

Avast boosts cyber security sales to $218m

Avast posted growing sales in its third quarter despite shedding off its managed workplace and business divisions, it reported today.

The cyber security outfit said revenue rose nine per cent year on year for the three months to the end of September to $218.3m (£170m).

Meanwhile adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) hit $122m, up 8.7 per cent year on year, with an adjusted Ebitda margin of 55.4 per cent.

Chief executive Ondrej Vlcek said: “I’m pleased to report that Avast has delivered good growth in the third quarter, consistent with our expectations at the time of the half year results in August.

“We continue to successfully execute our growth strategy, underpinned by our platform distribution model and our global installed base of more than 435m users.”

Main image credit: Getty