StockMarketWire.com - Cybersecurity company Avast said it expected annual like-for-like revenue growth to be at the upper end of its previous guidance of high single-digit percentage growth thanks to strong results in the first half of the year.

For the six months ended 30 June, statutory operating profit rose to $161.9m from $109.7m and revenue climbed to $425.4m from $388.6m.

Adjusted revenue increased by 9.2% on a like-for-like basis, driven by double-digit growth in the company's consumer direct desktop business.

The company proposed an interim dividend of 4.4 cents per share.

'Avast reached an important strategic milestone in the first half of 2019 with the release of direct-to-consumer and carrier-based IoT solutions,' the company said.

'The Group's first half performance underpins a strong full year outlook. We now expect like-for-like FY2019 revenue growth to be at the upper end of the previously stated high single-digit percentage range.'



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