FILE PHOTO: The logo is from Avast Software company headquartered in Prague, Czech Republic, April 12, 2018. REUTERS/David W Cerny
LONDON (Reuters) – cyber security firm, Avast, said that the growth rate of its earnings for the year would have to be at the top of the high single-digit percentage range after a strong first half, driven by the demand for its products, such as VPN, AntiTrack, for the protection of the privacy of its users.
The London-listed company, reported a 9.2% rise in first-half adjusted revenue to $421.7 million, ahead of a company supplied consensus estimate of $414 million, and adjusted core earnings up 6.5% to $236.5 million, beating a forecast of $229 million.
Reporting by Paul Sandle, editing by Deepa Babington