Kaspersky Lab sales growth slowed in 2011
Posted On Feb 9, 2012 at , 3:28 PM by SyahrizalCANCUN (Mexico): Russia's Kaspersky Lab reported that sales growth slowed substantially last year as the world's No 4 maker of antivirus software said its business was starting to mature.
The company, co-founded by computer security expert Eugene Kaspersky, said that sales grew 14% last year. That is down from growth of 38% in the prior year.
Revenue totalled US$612mil (RM1.84bil) last year. The company declined to provide profit figures.
Chief sales and marketing officer Garry Kondakov downplayed the decline, saying that the drop was a result of the company's maturation.
"I think it is natural," he said at a press briefing here.
He said that Kaspersky Lab's sales were still growing faster than the overall antivirus market. - Reuters
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