Kaspersky Lab reported 3% growth in annual revenue

Kaspersky Lab has summed up its financial results for 2020. Despite the pandemic and the difficulties associated with it, the company’s business performance over the past year has shown positive dynamics.

Image source: Kaspersky Lab

Image source: Kaspersky Lab

According to the announced data, the consolidated unaudited revenue of Kaspersky Lab according to IFRS increased by 3% and amounted to USD 704 million. At the same time, the annual growth in the corporate segment was 13%, in the large business segment – 23%, in the consumer segment – 4%. In the segment of online sales, a 10 percent increase was recorded. The non-endpoint segment showed significant dynamics – 27% – which includes specialized solutions and services other than protection of workstations, for example, protection against DDoS attacks, protection against targeted attacks, expert services, extended technical support, etc.

The largest volume of sales of products, services and services of Kaspersky Lab fell on Europe (38%), Russia and the CIS (22%), as well as North America (15%) and the Asia-Pacific region (10%).

Russian sales in ruble terms increased by 16%. The main point of growth has become specialized solutions and services for the corporate segment. Among them are Kaspersky Managed Detection and Response, Kaspersky Industrial CyberSecurity, and Kaspersky Fraud Prevention.

Kaspersky Lab has been working in the field of information security since 1997. The company operates in 200 countries and territories of the world and has 34 regional offices in 30 countries. The staff of Kaspersky Lab numbers 4000 highly qualified specialists, the audience of users of the company’s products and technologies is 400 million people and 240 thousand corporate clients. The developer’s portfolio includes more than 30 key products and services, which can be found at kaspersky.com.

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