Last $17.73 USD
Change Today -0.07 / -0.39%
Volume 254.9K
AVG On Other Exchanges
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As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

avg technologies (AVG) Key Developments

AVG Technologies Extends Partnership with Yahoo

AVG Technologies N.V. announced it has renewed its search and distribution partnership with Yahoo! Inc. AVG Secure Search, provided by AVG and Yahoo since 2012, helps protect users from dangerous websites and online threats using AVG's LinkScanner(R) technology. Under the renewed three-year agreement, AVG will continue to offer AVG Secure Search through its partnership with Yahoo across both mobile and desktop platforms worldwide.

AVG Technologies N.V. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for 2014

AVG Technologies N.V. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $88,009,000 compared to $100,381,000 for the same period of last year. Operating income was $20,410,000 compared to $31,816,000 for the same period of last year. Income before income taxes and loss from investment in equity affiliate was $20,018,000 compared to $27,304,000 for the same period of last year. Net income available to ordinary shareholders was $13,685,000 or $0.26 per diluted share compared to $21,690,000 or $0.39 per diluted share for the same period of last year. Net cash provided by operating activities was $22,293,000 compared to $44,162,000 for the same period of last year. Purchase of property and equipment and intangible assets was $3,195,000 compared to $4,083,000 for the same period of last year. Non-GAAP adjusted operating income was $28,623,000 compared to $36,072,000 for the same period of last year. Non-GAAP adjusted profit before taxes was $28,231,000 compared to $34,203,000 for the same period of last year. Non-GAAP adjusted net income was $24,702,000 or $0.47 per diluted share compared to $29,415,000 or $0.54 per diluted share for the same period of last year. Free cash flow was $19,098,000 compared to $40,079,000 for the same period of last year. For the six months, total revenue was $181,555,000 compared to $205,107,000 for the same period of last year. Operating income was $45,139,000 compared to $64,114,000 for the same period of last year. Income before income taxes and loss from investment in equity affiliate was $44,690,000 compared to $57,516,000 for the same period of last year. Net income available to ordinary shareholders was $31,628,000 or $0.84 per diluted share compared to $46,132,000 or $0.60 per diluted share for the same period of last year. Net cash provided by operating activities was $55,005,000 compared to $87,429,000 for the same period of last year. Purchase of property and equipment and intangible assets was $5,912,000 compared to $7,821,000 for the same period of last year. Non-GAAP adjusted operating income was $62,994,000 compared to $75,149,000 for the same period of last year. Non-GAAP adjusted profit before taxes was $62,545,000 compared to $71,194,000 for the same period of last year. Non-GAAP adjusted net income was $54,727,000 or $1.03 per diluted share compared to $61,227,000 or $1.12 per diluted share for the same period of last year. Free cash flow was $49,093,000 compared to $79,608,000 for the same period of last year. Based on information available as of July 30, 2014, the company is updating its outlook for fiscal year 2014. Revenue is expected to be at the low end of the original range of $365 million to $405 million. Non-GAAP diluted EPS is expected to be in the middle of the range of $1.80 to $2.10. GAAP diluted EPS is expected to be in the middle of the range of $1.00 to $1.30. Non-GAAP diluted EPS excludes share-based compensation expense, acquisition amortization, rationalization and other charges, and an adjustment to normalize to a tax rate of 12.5%.

AVG Technologies N.V. to Report Q2, 2014 Results on Jul 30, 2014

AVG Technologies N.V. announced that they will report Q2, 2014 results at 5:00 PM, W. Europe Standard Time on Jul 30, 2014

AVG Technologies N.V., Q2 2014 Earnings Call, Jul 30, 2014

AVG Technologies N.V., Q2 2014 Earnings Call, Jul 30, 2014

AVG Technologies N.V. Announces the Release of AVG Cleaner for Android 2.1 on the Google Play Store

AVG Technologies N.V. announced the release of AVG Cleaner(TM) for Android(TM) 2.1 on the Google Play(TM) store. The refreshed app features enhanced battery life functionality and has been integrated into AVG Zen(TM) so customers can easily tune-up and check the performance status of their PC, Mac(R) and mobile devices at any time, all from their PC or Android device. AVG Cleaner for Android helps users to keep their devices running smoothly by listing the top apps that consume the most resources and clean up leftover cache files. The 'Battery Saver' feature also helps users save battery life by turning off power-draining features, and the new PRO version adds a choice of three location-based 'Battery Profiles' -- Home, Office, and Car - offering further smart ways to optimize power consumption based on selected location. About AVG Cleaner FREE for Android: Free up storage space by clearing out unwanted apps and junk files including leftover cache files from all installed apps, temporary browsing files, clipboard and history lists of previously used apps and Google Play store visits. Improve overall performance by identifying apps with the top data usage, battery consumption or size on Android devices and offering an uninstall option. In addition to all of the above, AVG Cleaner for Android offers features to extend battery life by showing what features and built-in devices, such as GPS or Auto-rotation, are causing battery drain and having the option to turn them off. Routine automatic cleaning to regularly clean cache, history and advice on additional items that could be removed. About AVG Cleaner PRO for Android: In addition to all the above, the PRO version offers the battery profiles Home, Office and Car profiles to maximize device battery life based on the users location and what you're doing. Available for a monthly subscription at $0.99 or annual $4.99 (US only retail pricing). Users get 30 days free of the PRO features to try out, after which functionality reverts to FREE version. For users wanting to optimize the running of all their devices including PC, Mac(R) and mobile smartphones and tablets, the AVG Performance package is available for an annual subscription of $39.99/year (US only) and includes AVG Cleaner for Android PRO, AVG Cleaner for Mac, AVG PC TuneUp(R), and much more, including the AVG Zen(TM) multi-platform software which allows to monitor all of devices. AVG Cleaner for Android is now also available in 30 languages with the addition of 10 new languages including Finnish, Norwegian, Portuguese (European), Slovak, Spanish (European), and Swedish.

 

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