Main article about the company: Kaspersky Kaspersky
2023
Growth in sales of business solutions in Russia by 39%
Sales of Kaspersky Lab products and services on the Russian market in 2023 increased by 36% compared to a year ago. In the segment of consumer solutions, an increase of 17% was recorded, in the category of technologies for business - by 39%. The company disclosed such data on April 24, 2024.
Sales of software for protecting end devices in the Russian Federation at Kaspersky Lab in 2023 increased by 27% compared to the previous year, non-endpoint solutions - by 57%. Interest has also grown significantly in the following products:
- systems for detecting, analyzing and responding to complex cyber threats Kaspersky EDR (sales growth by 99%);
- SIEM-системе Kaspersky Unified Monitoring and Analysis Platform (+143%);
- Kaspersky Industrial CyberSecurity platform (+ 124%);
- Threat Intelligence Services (+ 109%).
The company also pointed to the development of new technologies in its portfolio, such as SD-WAN systems and products for protecting container environments. Kaspersky SD-WAN sales increased in 2023 compared to 2022 by more than 15 times. According to Kaspersky Lab, from 2013 to 2023. the company's products participated in 927 independent tests and reviews.
 | Last year [2023] confirmed that Kaspersky Lab chose the right strategy, offering the market the concept of an integrated approach to building cybersecurity. It includes a wide range of company products and solutions, as well as the ability to integrate with existing solutions from other manufacturers, says Anna Kulashova, Managing Director of Kaspersky Lab in Russia and the CIS countries. - We plan to continue to develop strategic areas, such as the XDR platform (Symphony ecosystem), an industrial security solutions platform, and will also promote Smart family solutions to protect small and medium-sized businesses from complex cyber threats.[1] |  |
Revenue growth by 31% to 47.7 billion rubles
In 2023, Kaspersky Lab's revenue according to Russian accounting standards (RAS) reached 47.7 billion rubles, which is 31% more than a year earlier. The net profit of the antivirus manufacturer amounted to 10.6 billion rubles against 71 million rubles of profit recorded in 2022. Such data are provided in a report that the company released in early April 2024.
According to Interfax, citing materials from Kaspersky Lab, in 2023 the company's business grew at about the same pace as the entire information security market. According to the agency, the volume of the information security market at the end of 2023 increased by about 30-40% and reached about 145 billion rubles.
From the reporting of Kaspersky Lab, it follows that the company's assets in 2023 amounted to 64.65 billion rubles against 45.56 billion rubles a year earlier. Non-current assets reached 20.77 billion rubles. Current assets in 2023 increased by 43.8%, to 43.89 billion rubles. and capital and reserves increased by more than 30%, to 44.77 billion rubles.
The long-term obligations of Kaspersky Lab, according to RAS reports, in 2023 increased to 6.59 billion rubles. Short-term liabilities turned out to be equal to 13.3 billion rubles, which is 25.4% more than a year ago.
Kaspersky Lab's operating cash flow in 2023 amounted to 5.94 billion rubles. The balance of cash flows from financial operations amounted to minus 1.35 billion rubles.
By the end of 2023, Kaspersky Lab has about 220 thousand customers who use solutions for protecting end devices and confidential data, for network and industrial security, information security services, etc.[2]
Growth in the Russian market by 35%
Kaspersky Lab's business on the Russian market in 2023 grew by about 35%, according to preliminary results. Anna Kulashova, Managing Director of Kaspersky Lab in Russia and the CIS, spoke about this on January 23, 2024 at a press event. We are talking about the dynamics of revenue in rubles. Absolute indicators in the company were not announced.
At the same time, a number of business areas showed three-digit growth, which corresponds to the needs and tasks that customers solve, primarily in the field of ensuring integrated cybersecurity and technological sovereignty, says Anna Kulashova.
For example, the revenue from sales of the solution for building a reliable and secure corporate network Kaspersky SD-WAN increased by more than 300%. Here, the effect was, among other things, the effect of a low base: "we fully brought this decision to the market in 2022, so the base is not very large yet," Anna Kulashova explained in a conversation with TAdviser.
The company estimates that now about 25% of Russian companies are implementing SD-WAN (software-defined networks) technology. And due to the fact that many foreign vendors have left, there is an increased interest in Russian counterparts.
The direction of threat analytics at Kaspersky Lab increased by 158%. Customers need to analyze more complex threats, compare, enrich the data that they themselves have.
| | Threat analytics are interesting to quite mature enterprises and markets. Previously, we observed that threat analytics are very actively developing in European and American markets, which are recognized as mature. And now we are seeing that Russian companies have reached the very level when they really need powerful analytical tools and tools. This characterizes our market as advanced, mature and actively developing further, - said the representative of Kaspersky Lab. | |
Kaspersky Lab's SIEM - Kaspersky Unified Monitoring and Analysis Platform (KUMA) - showed an increase of 143%. Anna Kulashova, in a conversation with TAdviser, noted that in 2022 the dynamics of SIEM was even higher amid a surge in demand. According to her, despite the fact that SIEM is a relatively new direction for the company, it is already gaining a significant share in the overall revenue structure.
And the largest area remains Kaspersky Endpoint Detection and Response, technologies for protecting target nodes. It now accounts for a little more than half of Kaspersky Lab's business, Anna Kulashova told TAdviser. Here in 2023 there was an increase of about 95%.
The high dynamics in the direction of Kaspersky Industrial CyberSecurity to protect industrial enterprises, primarily APCS, is due to the growth of cyber threats in this area. Attackers have long paid great attention to this segment. Customers respond to this and, accordingly, increase the demand for solutions of this class.
Kaspersky Lab products are available for all major platforms: Windows, Linux, MacOS, Android and iOS. The company notes that in 2023 there was a significant increase in Linux-based systems in the Russian market - there were 40% more of them.
Kaspersky Lab did not announce the indicators of its business outside Russia for 2023. But in December 2023 , the company told TAdviser that there was "good growth" in sales in a number of export markets - from Latin America to the Middle East. Available foreign markets turned out to be more in volume than the company previously thought.
At the same time, there is a slight decrease in sales in Western markets, "which in fact turns out to be not as dramatic as predicted," said Andrey Efremov, director of business development at Kaspersky Lab.
2022: Revenue growth 0.03% to $752 million
At the end of 2022, Kaspersky Lab received revenue of $752 million, which approximately corresponds to the indicator for 2021. Year-on-year growth was 0.03%, as stated in the financial report published on June 4, 2023. In the ranking "TAdviser100: The largest IT companies in Russia 2023," the revenue indicator of 51,549 million (rubles revenue translated into at the rubles weighted average rate) dollar allowed the company to take 12th place.
In the Russian market, Kaspersky Lab sales increased by 51% compared to 2021 (specific figures were not disclosed). In particular, revenue from the implementation of endpoint security solutions rose 44% over the year. In the segment of products to counter complex threats, sales jumped 66%, while expert services showed an increase of 120%.
If we consider new product areas, then they recorded a multiple increase in revenue. Sales of MDR (Managed Detection and Response - a system for detecting threats, information security responding to them and investigating cyber incidents) have grown 10 times, SIEM (tools for monitoring and analyzing events in the field of information security) - almost 4 times, Kaspersky Symphony solutions - twice.
| | Despite the difficult geopolitical situation, the company's activities remained stable, which favorably affected the results: during 2022, business growth continued in key segments, including in the field of solutions for large businesses, the Kaspersky Lab report said. | |
It is noted that in 2022, in the global market, the company's activities were influenced by an increase in tension in international relations. At the same time, corporate sales around the world increased by 8%. This is primarily due to the growth in the segment of endpoint protection (plus 1% compared to 2021) and new promising solutions and technologies that protect companies from the most complex cyber threats - the so-called non-endpoint (plus 31%). Compared to 2021, Kaspersky Anti Targeted Attack Platform and Kaspersky Fraud Prevention showed active growth, increasing by 105% and 84%, respectively, and the total sales growth of solutions in the large business segment was 23%.[3]
2021: Revenue growth of 6.5% thanks to business software sales
In 2021, Kaspersky Lab earned $752 million in revenue, which is 6.5% more than a year earlier. This rise was helped by a 19% increase in corporate sales. In particular, in the segment of large business, the increase was 29%. Revenue was also supported by a 50 percent increase in sales of solutions and technologies to protect the company from the most complex cyber threats (non-endpoint).
In Russia, Kaspersky Lab sales at the end of 2021 rose by 28% compared to 2020, in the B2B sector - by 40%. Sales of solutions for the SME segment also increased by 17%. As for online sales, in the B2B sector they increased by 11%, and in the B2C sector - by 7%, the company added.
| | Last year, the company achieved excellent results in Russia, "says Mikhail Pribochiy, Managing Director of Kaspersky Lab in Russia and the CIS countries. - The main increase was in protection against complex targeted attacks, specialized solutions for the industrial segment, information security services. We also see great interest in innovative products, for example, in the Kaspersky Antidrone system. | |
In the Middle East, Turkey and Africa (region) META , Kaspersky Lab's revenue in 2021 increased by 16%, in Latin America - by 11%, in - To Europe by 4%, in the Asia-Pacific region - by 3%.
During 2021, Kaspersky Lab released 10 new solutions and services and more than 250 large-scale updates for existing products, and also received 137 new patents. In addition, the acquisition of Brain4Net was completed.
In 2021, the company's products 63 times according to the results of 75 independent tests and reviews were in the top three, including 57 times taking first places, the press service of the antivirus manufacturer said.[4]
2020: Revenue growth 3%, to $703.9 million
Kaspersky Lab's revenue in 2020 amounted to $703.9 million, an increase of about 3% compared to 2019. The company's revenues from the supply of products in the corporate segment increased by 13%, in the consumer segment - by 3%.
Revenue dynamics in the business sector is due to continued growth in the large business segment (by 23%) and in the segment of new promising solutions and technologies (by 27%). In Russia, sales growth in these segments rose by 28% and 25%, respectively (in rubles).
It also follows from the message of Kaspersky Lab that the company's revenue from sales software and corporate-level services through Internet in 2020 increased by 10%. In Russia, sales of Kaspersky Industrial CyberSecurity and Kaspersky Fraud Prevention solutions, as well as specialized Kaspersky Lab services, increased by 39%, 63% and 70% in ruble terms, respectively.
In the segment of small and medium-sized businesses, the company demonstrated a 3 percent increase in revenues for 2020 compared to 2019. In 2020, Kaspersky Lab launched an initiative to support small organizations and provided them with free protection for several months. In Russia, more than 1,100 companies took advantage of this offer.
Kaspersky Lab has registered a 13 percent decline in sales of boxed versions of its products in the B2C sector. At the same time, the sale of digital products rose by 8%, and their share in the total sales of the company exceeded 50%.
In Latin America, Kaspersky Lab's revenue in 2020 increased by 15%, in the Middle East, Turkey in and (To Africa META region) - by 14%, in - To Europe by 6%. In the Asia-Pacific region North America , the company and retained its 2019 results.[5]
2019: Revenue decline 6% to $684.6 million
Kaspersky Lab ended 2019 with revenue of $684.6 million, which is about 6% less than sales a year ago. At the same time, the company noted growing revenues in the business segment.
Kaspersky Lab's revenue from the sale of B2B client products and services in 2019 increased by 6%. Sales of digital copies of B2B products (non-tubular) increased by 14%. The SMB solutions category recorded 2 percent growth in 2019, and revenue from contracts with service providers (including telecom operators) jumped 25 percent globally.
From the message of Kaspersky Lab, it also follows that the company's revenue in the region to which it belongs, Russia Asia the Baltic countries, Central and CIS, in 2019 rose by 17% compared to the previous year. The manufacturer's turnover ON in Latin America increased by 5%, in the Asia-Pacific region - by 3%. Negative dynamics was registered in (-1 To Europe%), as well as in Turkey and the states of the Middle East and Africa (-9%).
Kaspersky Lab's revenue in North America decreased by 7%, but in the B2B segment, revenue still increased, although not much (by 1%).
Kaspersky Lab also noted its high places in independent ratings of manufacturers of solutions for information security of the corporate and consumer sectors: according to the results of 86 tests and reviews conducted in 2019, the company's products took one of the first three places in 70 of them, and in 64 - the first position.
Kaspersky Lab Commercial Director Alexander Moiseev claims that the company remained profitable despite a difficult 2019.
| | We are moving forward confidently with the sales and marketing initiatives outlined in our strategic plan, which we believe will bring us the expected results, "he said.[6] | |
2018: Revenue growth 4% to $726 million despite ban on software sales in the US public sector
In 2018, Kaspersky Lab's revenue reached $726 million, an increase of 4% compared to 2017 due to high demand for the company's products in the corporate sector, as well as sales of digital software versions.
Thus, online sales of software from the company rose by 4% in 2018, revenues from the sale of products to representatives of large businesses jumped by 16%. Sales in the segment of promising solutions and services increased by 55%.
| | It was a very important year for us, - comments on the results of the year, founder and CEO of Kaspersky Lab Evgeny Kaspersky. - After all the problems and unfounded accusations that we had to face in 2017, we were obliged to convince our customers and partners that they were not mistaken in trusting us. Our growing financial performance confirms this by showing that modern users continue to choose the best products and services on the market and support our principle of protection against any cyber threats, regardless of their origin. | |
In 2018, Kaspersky Lab's revenue in North America fell by 25% after the government banned government agencies and large companies from purchasing software from a Russian vendor.
In December 2018, the D.C. Court of Appeal did not satisfy Kaspersky Lab's demand to lift the company's software ban in American state institutions and state-owned companies.
In Latin America, the antivirus manufacturer's turnover in 2018 decreased by 11%, which Kaspersky Lab linked to the devaluation of national currencies in the region. In the Middle East, Africa and Turkey, the company's annual revenue increased by 27%, in Russia, Central Asia and the CIS, Asia-Pacific and Europe, sales increased by 6%.[7]
2017: Kaspersky sales in the United States and Europe sank, while Russia and Africa grew. Total revenue growth of 8% to $698 million
In 2017, Kaspersky Lab's revenue amounted to $698 million, which is 8% more than in 2016, according to a press release received by TAdviser.
The largest sales growth was recorded in the corporate segment - by 13%. In particular, sales of Kaspersky Lab software solutions to large businesses increased by 30%.
The revenues of the Russian vendor in new promising areas (countering targeted attacks, protecting critical infrastructures, combating fraud, etc. - the so-called non-endpoint segment) increased by 61%, and in the segment of various expert services, the rise was measured by 41%.
The difficult geopolitical situation affected business in North America - in this market, Kaspersky Lab sales in 2017 decreased by 8%. The growth of the company's global revenue was facilitated by positive sales dynamics in Latin America (+ 18%), in Russia and the CIS (an increase of 34%), in the Middle East, Turkey and Africa (+ 31%) and in the Asia-Pacific region (+ 11 %). Japan showed a moderate gain of 4%, and European results were slightly below the level of 2016 (-2%).
| | Contrary to the difficult geopolitical environment, unproven accusations and open attempts to undermine our business, the company is showing positive dynamics. We are developing, constantly working on new promising solutions and technologies and are confident that an even more productive year awaits us, "said Evgeny Kaspersky, CEO of Kaspersky Lab. | |
In November 2017, Evgeny Kaspersky predicted that the company's annual revenue could show double-digit growth (from 10%) and exceed $700 million, despite a decrease in revenues in the United States by 5-8%. Thus, the chapter's forecast did not come true a little.
2016: Return of revenue to growth of 43 billion rubles
In 2016, Kaspersky Lab's revenue amounted to 43.170 billion rubles, an increase of 14.4% compared to 2015. In the ranking " TAdviser100: The largest IT companies in Russia" at the end of 2016, Kaspersky Lab took 6th place.
On March 18, 2017, Kaspersky Lab announced the results of the previous year in foreign currency in accordance with international financial reporting standards. The company's revenue returned to growth after its first decline in history.
According to the Prime agency, citing Sergey Zemkov, Managing Director of Kaspersky Lab in Russia and the CIS countries, in 2016 the company received consolidated unaudited revenue of $644 million, which is 4% more than a year earlier. In 2015, sales in dollar terms decreased by 9% - for the first time during the vendor's presence on the international market. That regression was associated with unfavorable exchange rate fluctuations.
In rubles, Kaspersky Lab's revenue jumped 15% in 2016. What kind of income is in question, the company did not specify.
According to Kaspersky Lab reports, in 2016 the company's revenue in the corporate sector rose by 20%, in the small and medium-sized business segment - by 12%, among large companies - by 35%, and Internet sales increased by 11%. The rise in revenues in the business sector, the antivirus manufacturer associated primarily with the release of new specialized solutions and services aimed at detecting, responding to and predicting cyber attacks.
Most of Kaspersky Lab's revenue (36.5%) in 2016 was in Europe. In North America, the company earned 24.3% of total revenues, the share in Russia and the CIS amounted to 13.3%.
By April 2017, the number of users of Kaspersky Lab products exceeds 400 million worldwide. The company reported 20 million activations of its solutions per year. At the end of 2016, more than 1 billion malicious files were recorded in the Kaspersky Lab database.[8]
2015: First 9% drop in dollar revenue to $619 million
In March 2016, Kaspersky Lab published its business indicators according to international financial reporting standards. The antivirus manufacturer's revenue fell for the first time due to unfavorable currency fluctuations.
Kaspersky Lab finished 2015 with sales of $619 million, which is 9% less than a year ago. The commercial director of the company, Garry Kondakov, told Kommersant that this decline was the first in 18 years when Kaspersky Lab entered the international market, and was primarily caused by the devaluation of the euro, ruble and Brazilian real against the dollar.
According to Kondakov, if we take revenue in national currencies, then in 2015 it increased by 13%.
| | This is organic growth - how much more our customers paid for our products and solutions last year, - said the commercial director of Kaspersky Lab | |
More than one third of Kaspersky Lab's revenue (34.6%) in 2015 fell on European countries, mainly Germany. The shares of North America and developing countries (the vendor includes Latin America, Africa, the Middle East and Turkey, Greece, the countries of the former Yugoslavia, etc.) in the company's revenues amounted to 24.6% and 15.4%, respectively.
In Russia, this figure was measured at 14.2% and for the first time turned out to be less compared to developing states. The company received 6.2% of revenue in the Asia-Pacific region, 2% in Japan.
In 2015, antivirus software for home users brought Kaspersky Lab about 62% of revenue. Sales of cybersecurity solutions for large businesses and industrial facilities and for medium and small businesses accounted for 38% of revenue. In these segments, growth was at 27% and 13%, respectively.
Kaspersky Lab hopes to increase revenue through corporate solutions and services aimed not at protecting end devices and preventing cyber attacks, but at timely detection, response and forecasting of cyber threats.[9]
2014: Revenue growth 7% to $711 million
The global revenue of the Russian company Kaspersky Lab in 2014 increased by 7% to $711 million. The mass market accounted for two-thirds of sales. In the corporate market, the company's revenues in dollars increased by 1%, and in local currencies (except for the dollar it is a euro, yen, ruble) - by 7%. The company's revenues from large corporations increased by 7% in dollars and by 16% in local currencies, online sales of Kaspersky Lab increased by 13%. In 2015, the company plans to open a development center in Israel. This will be the company's first R&D center outside of Russia.
2013: Revenue growth of 6% to $667 million
In 2013, Kaspersky Lab's global revenue grew by 6% to $667 million.
2011: Fin results of the year: turnover growth by 14% to $612 million
The company earned $612 million in 2011. This is 14% more than in 2010. The growth rate of revenue was lower compared to 2010: then they amounted to 38%. Thus, the growth of the company's turnover decreased by more than 2.5 times. The company's business growth rate decreased gradually: for example, in 2008, its turnover increased by more than 70%. At the same time, the Laboratory notes that even at the current growth rates, they turned out to be higher than the growth of the antivirus software market as a whole over the same period. Representatives of the company also say that in 2011, revenue growth was noted in all regions where the Laboratory operates.
2010: Antivirus No. 3 in the world in the market of home users
According to the company, in calendar year 2010, Laboratory managed to earn $538 million (in vendor prices). In 2010, this figure improved by 38% compared to 2009, when Kaspersky's revenue, according to IDC, amounted to $380 million. The company has more than 1000 specialists.
The main market for Kaspersky Lab in 2010 was the countries of Western Europe, where the company showed the most modest growth of 16%, and was able to earn $218 million. In second place in terms of profitability was the American region, including the USA, Canada and Latin America, where the company's revenue amounted to $134 million with an increase of 68%. Kaspersky Lab managed to earn almost the same amount in the EEMEA region, consisting of the CIS, including Russia, Eastern Europe, the Middle East and Africa, where with revenue of $131 million, growth was at the level of 35%. Kaspersky showed the best growth (111%) and the most modest revenue ($55 million) in the Asia-Pacific region.
According to the results of the annual report "Market Share: Security Software, Worldwide, 2010" by Gartner, published on March 30, 2011, Kaspersky Lab increased its share in the IT security market in the segment of home users to 9% and entered the top three world leaders.
According to the agency, in 2009 Kaspersky Lab was in fourth position in the segment of home users, with its share of 7%. In 2010, the company's turnover in this segment grew by 42%, which allowed it to occupy a strong position in the top three, Kaspersky Lab said in a statement. Analysts note the high dynamics of the company's development: since 2008, Kaspersky Lab's market share in this segment has increased by 7%, which exceeds the growth rate of its main competitors.
The agency also presented the results of a study of the global IT security market for corporate users, where Kaspersky Lab is the fifth largest player today. According to the study, the company showed one of the highest turnover growth rates (+ 30%) in 2010 and has good prospects for further growth in this segment in the future.
2009: Antivirus No. 4 in the world. Revenue of $380 million
According to IDC, according to the results of 2009, the company took fourth place in the top of world antivirus manufacturers in terms of revenue ($380 million) and the first in terms of its growth (44.5%).
According to CNews Analytics estimates, Kaspersky Lab's revenue in vendor prices in 2009 amounted to 11.575 billion rubles. ($365.4 million), and an increase of 29.2%. In the rating "CNews100: The largest IT companies in Russia," the developer takes 12th place.
Notes
- ↑ v-2023-godu-prodazhi-laboratorii-kasperskogo-v-rossii-vyrosli-na-36 In 2023, sales of Kaspersky Lab in Russia increased by 36%
- ↑ The annual revenue of the Russian legal entity Kaspersky Lab increased by 31% in 2023
- ↑ Kaspersky Lab summed up the financial results of 2022
- ↑ Kaspersky Lab sales in Russia grew by 28% in 2021
- ↑ Kaspersky Lab summed up the financial results of 2020
- ↑ kaspersky-reports-2019-financial-results Kaspersky reports 2019 financial results
- ↑ Kaspersky Lab announces 4% revenue growth to $726 million in 2018
- ↑ Kaspersky Lab revenue in 2016 under IFRS increased by 4%
- ↑ Antiviruses could not withstand devaluation
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