01-27-2018 , 02:09 AM
https://usa.kaspersky.com/about/press-re...on-in-2017 January 19, 2018
Kaspersky Lab revenues grow 8 percent to $698 million in 2017
Global cybersecurity vendor manages to maintain positive dynamics despite a turbulent year
Woburn, MA – January 19, 2018 – Kaspersky Lab grew sustainably in 2017 and increased its global unaudited IFRS revenue by 8 percent, to a total USD 698 million. While the second half of 2017 was challenging for the company due to geopolitical turmoil and unfounded allegations, its customers and partners keep demonstrating trust, resulting in a successful year for the business.
The growth was driven by the strong performance of Kaspersky Lab’s B2B business (+13 percent**): the company saw growth of 30 percent** in the enterprise segment, 61 percent** in non-endpoint and 41 percent** in bookings from cybersecurity intelligence services. Kaspersky Lab continues to expand its portfolio, introducing and enhancing solutions that prevent, detect and respond to the most sophisticated cyberthreats, such as Endpoint Detection and Response and a wide array of professional services. Currently, 69 companies from the Fortune 500 list are Kaspersky Lab customers.
In addition, a relatively stable consumer business, pushed by a strong performance in digital sales, contributed to the healthy growth in overall global results.
“Our positive financial results for 2017 are clear proof that users prefer the best products and services on the market and support our principle of protecting against any cyberthreats, regardless of their origin,” said Eugene Kaspersky, CEO of Kaspersky Lab. “Despite the difficult geopolitical situation, unsubstantiated accusations and attempts to undermine our business, the company maintains positive dynamics. We are constantly developing and working on new solutions and technologies, and are confident that 2018 will be even more productive than last year.”
The geopolitical challenges and unsubstantiated allegations led to a slowdown in the North American market, where bookings decreased by 8 percent**. Globally, the company’s performance was according to expectations, driven by strong results in other regions, such as Latin America (+18 percent**), Russia and CIS (+34 percent**), META (+31 percent**) and APAC (+11 percent**). Japan demonstrated moderate growth (4 percent**), while Europe was slightly below expectations (-2 percent**).
To address potential questions and concerns that customers and partners might have regarding Kaspersky Lab’s products, solutions and operations in light of the current geopolitical challenges, the company recently launched its Global Transparency Initiative. This highlights Kaspersky Lab’s commitment to trust, transparency and accountability throughout its 20-year history. The Initiative will include an independent review of the company’s source code, software updates and threat detection rules; an independent review of internal processes to verify the integrity of the company’s solutions and processes; three transparency centers by 2020 in Asia, Europe and North America; and increased bug bounty rewards up to $100k per discovered vulnerability in Kaspersky Lab products.
* figures rounded for easier reading; growth was 8.252 percent, revenue USD 697.51 million
** all segment and regional figures are in net sales bookings, not revenue
About Kaspersky Lab
Kaspersky Lab is a global cybersecurity company that celebrated its 20 year anniversary in 2017. Kaspersky Lab’s deep threat intelligence and security expertise is constantly transforming into next generation security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky Lab technologies and we help 270,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.
Securelist | Information about Viruses, Hackers and Spam
Follow @Securelist on Twitter
Threatpost | The First Stop for Security News
Follow @Threatpost on Twitter
Media Contact
Jessica Bettencourt
774.451.5142
Jessica.Bettencourt@kaspersky.com
Kaspersky Lab revenues grow 8 percent to $698 million in 2017
Global cybersecurity vendor manages to maintain positive dynamics despite a turbulent year
Woburn, MA – January 19, 2018 – Kaspersky Lab grew sustainably in 2017 and increased its global unaudited IFRS revenue by 8 percent, to a total USD 698 million. While the second half of 2017 was challenging for the company due to geopolitical turmoil and unfounded allegations, its customers and partners keep demonstrating trust, resulting in a successful year for the business.
The growth was driven by the strong performance of Kaspersky Lab’s B2B business (+13 percent**): the company saw growth of 30 percent** in the enterprise segment, 61 percent** in non-endpoint and 41 percent** in bookings from cybersecurity intelligence services. Kaspersky Lab continues to expand its portfolio, introducing and enhancing solutions that prevent, detect and respond to the most sophisticated cyberthreats, such as Endpoint Detection and Response and a wide array of professional services. Currently, 69 companies from the Fortune 500 list are Kaspersky Lab customers.
In addition, a relatively stable consumer business, pushed by a strong performance in digital sales, contributed to the healthy growth in overall global results.
“Our positive financial results for 2017 are clear proof that users prefer the best products and services on the market and support our principle of protecting against any cyberthreats, regardless of their origin,” said Eugene Kaspersky, CEO of Kaspersky Lab. “Despite the difficult geopolitical situation, unsubstantiated accusations and attempts to undermine our business, the company maintains positive dynamics. We are constantly developing and working on new solutions and technologies, and are confident that 2018 will be even more productive than last year.”
The geopolitical challenges and unsubstantiated allegations led to a slowdown in the North American market, where bookings decreased by 8 percent**. Globally, the company’s performance was according to expectations, driven by strong results in other regions, such as Latin America (+18 percent**), Russia and CIS (+34 percent**), META (+31 percent**) and APAC (+11 percent**). Japan demonstrated moderate growth (4 percent**), while Europe was slightly below expectations (-2 percent**).
To address potential questions and concerns that customers and partners might have regarding Kaspersky Lab’s products, solutions and operations in light of the current geopolitical challenges, the company recently launched its Global Transparency Initiative. This highlights Kaspersky Lab’s commitment to trust, transparency and accountability throughout its 20-year history. The Initiative will include an independent review of the company’s source code, software updates and threat detection rules; an independent review of internal processes to verify the integrity of the company’s solutions and processes; three transparency centers by 2020 in Asia, Europe and North America; and increased bug bounty rewards up to $100k per discovered vulnerability in Kaspersky Lab products.
* figures rounded for easier reading; growth was 8.252 percent, revenue USD 697.51 million
** all segment and regional figures are in net sales bookings, not revenue
About Kaspersky Lab
Kaspersky Lab is a global cybersecurity company that celebrated its 20 year anniversary in 2017. Kaspersky Lab’s deep threat intelligence and security expertise is constantly transforming into next generation security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky Lab technologies and we help 270,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.
Securelist | Information about Viruses, Hackers and Spam
Follow @Securelist on Twitter
Threatpost | The First Stop for Security News
Follow @Threatpost on Twitter
Media Contact
Jessica Bettencourt
774.451.5142
Jessica.Bettencourt@kaspersky.com