Press Release: Webroot Sees Double-Digit Growth in 2018
BROOMFIELD - September 12, 2018
Webroot, the Smarter Cybersecurity® company, announced 12 percent annual recurring revenue (ARR) growth for its fiscal year ending on June 30, 2018, marking the company’s eighteenth consecutive quarter of double-digit company growth.
Webroot’s business segment ARR grew by 25 percent, more than five timesInternational Data Corporation’s(IDC) compound annual growth rate of 4.7 percent for IT spending by small- to medium-sized businesses for the 2016-2021 forecast period. Webroot’s consumer segment ARR grew 6 percent, 1.5 times higher than the 4.1 percent growth of worldwide security spending in the consumer security software segment, according to Gartner’s Forecast: Information Security, Worldwide, 2016-2022, 2Q18 Update report published July 2018 and authored by Sid Deshpande et al., in 2018.