F-Secure continues its successful growth strategy as the total
revenue of the second quarter rose by 35% to a record 19.8 million
euro. The operating profit increased by 88% to 2.8 million
euro.
The company is the clear global leader in offering the Security
as a Service concept through Internet Service Providers. F-Secure
has a 36% share of the European broadband ISP market and a 25%
share of the European and North American markets combined. The core
strength of the company lies in the Service Platforms, a solution
that beats the competition in offering the operators an easy way to
sell data security services to their customers. These unique
Service Platforms have enabled the fast growth in the number of new
partnerships as well as increased the satisfaction levels of
current partners to new heights. F-Secure has launched itself
heavily into the Asian markets and started partnerships in India
with the largest ISP Reliance Communication as well as with
Exattnet and in Taiwan with Gamania.
F-Secure has created an innovative new consumer channel by
publishing a cooperation agreement with Barclays Bank in England.
The company offers a virus protection solution to Barclays’ two
million online banking customers.
There are more than 300 mobile malware threats targeting the
open operating system, and the company believes the number to grow
steadily. This emphasizes the need for an up-to-date security
solution for mobile multimedia devices. The sales of F-Secure
Mobile Anti-Virus increased during the quarter signaling increased
end user awareness of security threats. The close partnership
between F-Secure and Nokia continues and F-Secure Mobile Anti-Virus
is now available for the new S60 3rd edition devices.
F-Secure’s concern for future threats is shared by most mobile
operators. The group signed an agreement with Orange Group to
provide a mobile antivirus service to Orange smartphone users. The
Group also announced partnerships with ONE (Austria) to offer
antivirus services from ONE’s mobile portal and with Mobitel
(Slovenia).
The German magazine c’t announced F-Secure as the clear winner
over five other mobile data security products. The tests were
conducted by AV-Test.org, an independent company specializing in
testing antivirus and security products.
"Our strategy is to continue growing the virus protection and
intrusion prevention business significantly faster than the
industry by investing in the Security as a Service concept. Our
success in the European market strengthens our belief in the
concept in other geographical markets as well, which is showcased
by the deals we have closed in Asia", says the company’s President
and CEO Risto Siilasmaa. "We are also investing in growing the
traditional distribution channels and developing an even better
selection of products and services. These measures should help us
reach our strategic goals and we are confident about the
future."
The complete Stock Exchange bulletin is available in the
Investor News section.
Financial Reporting
A press and analyst conference will be arranged today, August 1,
at 11 am Finnish time at the Group’s Headquarters, Tammasaarenkatu
7, Helsinki. A conference call for international investors and
analysts will be arranged at 1530 Finnish time (1430 CET, 1.30 pm
UK time). Instructions can be found on our
Investor
Relations pages.
Quarterly report for Q3 2006 will be published on October 24
(Q3). A Stock Exchange bulletin will be sent at 9 am Finnish time
to the Helsinki Exchanges, a press and analyst conference will be
arranged at 11 am Finnish time in Helsinki, and an international
conference call will be arranged in the afternoon. Full details
will be provided later on the Group's web site.
About F-Secure Corporation
F-Secure Corporation protects consumers and businesses
against computer viruses and other threats from the Internet and mobile
networks. We want to be the most reliable provider of security services in the
market. One way to demonstrate this is the speed of our response. According to
independent studies in 2004, 2005 and 2006 our response time to new threats is
significantly faster than our major competitors. Our award-winning solutions are
available for workstations, gateways, servers and mobile phones. They include
antivirus and desktop firewall with intrusion prevention, antispam and
antispyware solutions, as well as network control solutions for Internet Service
Providers. Founded in 1988, F-Secure has been listed on the Helsinki Exchanges
since 1999, and has been consistently growing faster than all its publicly
listed competitors. F-Secure headquarters are in Helsinki, Finland, and we have
regional offices around the world. F-Secure protection is also available as a
service through major ISPs, such as France Telecom, TeliaSonera, PCCW and
Charter Communications. F-Secure is the global market leader in mobile phone
protection provided through mobile operators, such as T-Mobile and Swisscom and
mobile handset manufacturers such as Nokia. The latest real-time virus threat
scenario news are available at the F-Secure Data Security Lab weblog at http://www.f-secure.com/weblog/
Additional information:
F-Secure Corporation
Risto Siilasmaa, President and CEO
tel.358 9 2520 5510
Taneli Virtanen,
CFO
tel.358 9 2520 5655
