AVG Q1 2014 revenue up 19%

AVG Technologies N.V. (NYSE: AVG) first quarter 2014 subscription revenue increased 19 percent over the same period one year ago to USD67.3m.

The company said the increase in subscription revenue was the result of growth in both the consumer and SMB segments of the business. Platform-derived revenue decreased 45 percent over the same period one year ago to USD26.3m. The decrease in platform revenue was primarily related to the implementation of Google guideline changes and the exit from the third party search distribution business. As a result, total revenue for the first quarter of 2014 was USD93.5m as compared to USD104.7m in the first quarter of 2013.

AVG is the online security company providing leading software and services to secure devices, data and people. Its website is at avg.com.

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