Feeds

AVG stung as search revenue from freebie scanners dries up

Come back, freetards

Security for virtualized datacentres

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday.

The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook for 2014, warning that revenue is likely to peg out towards the lower end of its previously forecast range of between $365m to $405m.

AVG - which is best known for its freebie security scanner software - boasts 182 million active users and 85 million mobile users.

The security software maker has managed to up its success in converting trial users to paid-for products, but this has more than been offset by drops in ad income from freebie users, hence the drop in its overall revenues.

"Total revenue for the second quarter of 2014 was $88.0m. Subscription revenue increased 12 per cent over the same period one year ago to $68.2m. Platform-derived revenue decreased 50 per cent over the same period one year ago to $19.8m as a result of changes to the search business," a statement by AVG explains.

Gary Kovacs, chief exec of AVG, commented: "We remain focused on the roll-out of the AVG Zen platform [PC and mobile security software combo], developing new applications to better serve customers, and building industry leading partnerships across mobile ecosystem players and consumer electronic OEMs." ®

Beginner's guide to SSL certificates

More from The Register

next story
FYI: OS X Yosemite's Spotlight tells Apple EVERYTHING you're looking for
It's on by default – didn't you read the small print?
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Microsoft pulls another dodgy patch
Redmond makes a hash of hashing add-on
NOT OK GOOGLE: Android images can conceal code
It's been fixed, but hordes won't have applied the upgrade
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
'LulzSec leader Aush0k' found to be naughty boy not worthy of jail
15 months home detention leaves egg on feds' faces as they grab for more power
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.