avg technologies (AVG) Key Developments
AVG Technologies N.V. Revises Earnings Guidance for the Fiscal Year Ended December 31, 2015
May 12 15
AVG Technologies N.V. revised earnings guidance for the fiscal year ended December 31, 2015. For the period, the company announced that the revenue expected to be in the range of $420 to $440 million, up from previous guidance of $410 million to $430 million. Non-GAAP adjusted net income is expected to remain in the range of $94.2 million to $99.2 million, or diluted EPS of $1.80 to $1.90. GAAP net income is expected to remain in the range of $48.9 million to $53.9 million, or $0.93 and $1.03 per diluted ordinary share.
AVG Technologies N.V. Releases New Performance-Boosting Updates for Pc, Mac and Android
May 6 15
AVG Technologies N.V. announced new versions of its performance products for Windows, Mac OS and Android. The latest releases of AVG PC TuneUp 2015, AVG Cleaner for Android and AVG Cleaner for Mac help users clean up, speed up and improve battery life of their devices more efficiently and thoroughly than before. Internal AVG tests running AVG PC TuneUp on the latest blockbuster games release, Grand Theft Auto V, registered an average 20.7% improvement in speed on a typical Windows laptop, and also cleaned up 8 GB of leftover Steam files from a gaming PC using the enhanced cleaning engine. The desktop and mobile apps are available individually or as a whole package in the AVG Performance suite available within the AVG Zen platform to make it easy to maintain all devices and those of family from device single dashboard. AVG Zen runs across desktops and mobile devices to provide a simple approach to help people secure their online lives. AVG PC TuneUp 2015 - improved cleaning and ready for Windows 10: Cleans up leftover files from the Downloads folder, removes wasteful distributable files generated from the Steam gaming platform and offers more thorough cleaning for the Google Chrome browser. All updates will be installed automatically on April 29. AVG PC TuneUp and all of its 39 features to speed up and clean up PCs are now fully compatible with the upcoming Windows 10 operating system, expected to release in summer 2015. AVG Cleaner for Android 2.3.1 - new 'App Manager' spots top resource-hungry apps: Helps identify resource-hungry apps that drain the battery, eat up precious storage and use up too much mobile traffic on smartphone or tablet. By tapping on the categories, users can then select multiple apps they no longer want with a simple tap, and get rid of them instantly. New 'App Manager' feature gives users an immediate overview of apps with useful graphs which show: Running Apps: Shows all running apps and how much RAM they are consuming. Unused Apps: Identifies all apps that the user hasn't used in a long time. Data Usage, Battery Usage and Storage: Helps users spot the large apps and the ones with the most battery and mobile traffic drain. AVG Cleaner for Mac (Build 4764): Now provides cleaning for iPhoto Cache, which can even become corrupt over time. New user interface to make it easier to clean up leftover and duplicate files. The complete AVG Performance suite includes all three apps and comes as a 1 year ($39.99) or 2 year subscription ($79.98). AVG PC TuneUp (2015 release) standalone product is also available for 1 year (1PC) for $39.99. AVG Cleaner PRO for Android is available standalone for $0.99 a month or $4.99 annually from AVG.com or the Google Play Store. AVG Cleaner for Mac is available for free from the Mac App store or AVG Cleaner for Mac pages.
AVG Technologies N.V. - Analyst/Investor Day
May 1 15
To provide an overview of company's strategy, product plans, M&A activity, business segment updates as well as updated financial targets
AVG Technologies N.V. Reports Unaudited Condensed Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Fiscal Year 2015
Apr 29 15
AVG Technologies N.V. reported unaudited condensed consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company has posted total revenue of $93,546,000 against $102,810,000 a year ago. Operating income was $24,729,000 against $19,774,000 a year ago. Income before income taxes and loss from investment in equity affiliate was $24,672,000 against $15,384,000 a year ago. Net income attributable to AVG Technologies N.V. was $17,943,000 against $11,919,000 a year ago. Earnings per share attributable to AVG Technologies N.V. Ordinary shareholders for basic and diluted were $0.34 against $0.22 a year ago. Net cash provided by operating activities was $32,712,000 against $22,231,000 a year ago. Purchase of property and equipment and intangible assets was $2,717,000 against $2,302,000 a year ago. Non-GAAP adjusted operating income was $34,371,000 against $31,727,000 a year ago. Non-GAAP adjusted net income was $30,025,000 or $0.56 diluted per share against $23,920,000 or $0.46 diluted per share a year ago. The net debt position was $64.9 million, net debt reducing by $21.1 million in the quarter.
The company is reaffirming the following outlook for fiscal year 2015 as follows: revenue is expected to be in the range of $410 million to $430 million. Non-GAAP adjusted net income is expected to be in the range of $94.2 million to $99.2 million; non-GAAP diluted EPS is expected to be in the range of $1.80 to $1.90. GAAP net income is expected to be in the range of $48.9 million to $53.9 million; GAAP net income per diluted ordinary share is expected to be in the range of $0.93 to $1.03.
AVG Technologies N.V. to Report Q1, 2015 Results on Apr 29, 2015
Apr 22 15
AVG Technologies N.V. announced that they will report Q1, 2015 results at 5:00 PM, W. Europe Standard Time on Apr 29, 2015