Kaspersky Lab continued to deliver stable growth in 2018 and increased its global unaudited IFRS revenue to a total of USD 726 million, representing a four per cent year-on-year revenue increase. Among the strategic business areas that drove Kaspersky Lab’s growth in 2018 were digital and enterprise. The company saw an increase in digital sales (+4 per cent) and a growth of 16 per cent in the enterprise segment, with 55 per cent growth in non-endpoint products and services in particular.
Commenting on the results, Eugene Kaspersky, CEO, 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 robust results, especially in META (+27 per cent ), as well as in other regions, such as Russia, Central Asia and CIS (+6 per cent), APAC (+6 per cent) and Europe (+6 per cent), while there was a slowdown in Latin America (-11 per cent) 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 per cent. Despite these challenges, Kaspersky lab maintained and developed its presence in the market, with an 8 per cent increase in new licenses sales in digital.
In 2018, Kaspersky Lab advanced the progress of its Global Transparency Initiative by undertaking a number of significant 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.