The CEO of Avast has stepped down after the cyber security company posted marginally lower-than-expected results in the first full year since its IPO.
Revenues were up by 8.3pc on a like-for-like basis, driven by double digit growth from its consumer desktop business, the company said.
On a statutory basis, revenue increased by 23.8pc from $652.9m (£496.7m) to $808.3m (£614.9m), while operating profit doubled from $124.3m (£94.5m) to $188.9m.
Adjusted earnings before interest, tax, depreciation and amortisation rose by 6.7pc to $447.7m in 2018.
The FTSE 250 company said the results were slightly below expectations after reaching 12 million paying customers for its core PC product line.