AVG Technologies (AVG) Boosts FY15 Revenue Outlook, Maintains EPS Guidance

AVG Technologies (NYSE: AVG) announced today it is updating financial guidance for its fiscal year ended December 31, 2015.

Based on information currently available and in connection with AVG's recently announced acquisition of Privax, a leading provider of desktop and mobile privacy services for consumers, AVG has increased its financial guidance for the full year 2015 as follows:

*** The Street sees FY15 EPS of $1.88 and revenue of $423 million.

"The acquisition of Privax gives us the ability to immediately provide new and innovative privacy subscription services to our existing world-wide base of more than 200 million users and drive incremental revenues this year," said Gary Kovacs, AVG's Chief Executive Officer. "Given our solid track record of quickly accelerating revenue growth through successfully leveraging our acquisitions, we are confident in this improved financial outlook for 2015. As we continue to look at new ways to grow through innovation, collaboration and M&A activities, we remain focused on the bottom line and cash flow, and expect operating margins to remain in line with our longer term model of 30 percent."

AVG will provide more detail on its recent acquisition of Privax, including updated financial targets, together with executive presentations on the Company's strategy, product plans, M&A activity and business segment updates at its Analyst Day to be held today, May 12, from 9:55 a.m. to 3:00 p.m. ET.

The event will be available to the public via a live audio webcast at http://investors.avg.com. To listen to the live event and view the corresponding presentations, please go to the website at least 15 minutes early to register, download and install any necessary audio software.

Presentations will begin promptly at 9:55 am ET. A replay of the event, including presentation materials, will be available within 2 hours after the event at the same link.

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