Kaspersky Lab increased its global unaudited IFRS revenue to a total of USD 726 million, representing a 4% YOY revenue increase. During a year of evolving market conditions and continuous geopolitical pressure, the company achieved success as a result of the trust customers and partners place in the company and its leading cybersecurity solutions and services.
Eugene Kaspersky, CEO at 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.”
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%) and strong growth of 16% in the enterprise segment, with 55% growth in non-endpoint products and services in particular. Overall, the company secured healthy results in these business areas by delivering some of the best products and services in the industry, as well as new solutions and technologies that prevent, detect and respond to the most sophisticated cyberthreats.
The company experienced the maximum growth in the META region by clocking 27% growth and registered a 6% growth in Russia, Central Asia and CIS, APAC and Europe, while currency devaluation in Latin America made the company bleed by 11%. On other hand, the challenging geopolitical situation resulted in an overall slowdown in the North American market, where sales decreased by 25%.