Cybersecurity firm Avast has posted higher revenues after it was buoyed by the increase in people working from home.
The FTSE 100 company hailed a “strong” operational and financial performance through the outbreak as it was “aided by the work-from-home trend”.
It revealed that company revenues increased by 1.5% to 433.1 million US dollars (£331.9 million) over the first six months of the year.
However, it also saw statutory operating profits slip by 16.9% to 134.5 million dollars (£103 million) over the period.
Avast said higher numbers of people working from home provided a “strong tailwind” to its core business of protection for consumer desktops.
It said this helped to drive an increase in customer numbers, which rose by 5.1% to 13.26 million over the first half.
The company stressed that its performance over the first half of the year underpins a “strong full-year outlook”.
Avast said it expects revenue growth for the year to be at the “upper end” of its previously predicted range.
Ondrej Vlcek, chief executive of Avast, said: “Avast has demonstrated its business resilience during the Covid-19 outbreak.
“Despite the economic uncertainty, Avast remains well positioned.
“The business is resilient, strongly cash-generative, and has significant capacity to harness new growth opportunities as they emerge.”
Shares in the company moved 5.7% lower to 565.5p in early trading on Wednesday.