AVG Q4, FY2015 revenue up 9%, 14%

AVG Technologies N.V. (NYSE: AVG) has achieved record quarterly revenue of USD109.5 million and record fiscal-year revenue of USD428.3 million, reflecting annual growth of 9 and 14 percent, respectively, the company said.

Quarterly subscription-based revenue grew 15 percent over the same period of last year, comprising over 81 percent of total revenue. For the full year, subscription-based revenue grew 23 percent to USD346.2 million.

ZEN user base grew over 170 percent sequentially to 47 million users.

Achieved 30 percent non-GAAP adjusted operating income margin in the fourth quarter and 29 percent for the full year 2015.
Delivered earnings per share of USD0.47 in the fourth quarter and USD1.81 for the full year 2015.

AVG provides software services to secure devices, data and people. AVG´s award-winning consumer portfolio includes Internet security, performance optimization, location services, data controls and insights and privacy and identity protection, for mobile devices and desktops.