Healthy profitability
F-Secure Corporation achieved accelerated, 11% quarter over
quarter growth rate in its strategic Internet Service Provider
(ISP) business during Q2. The overall Q2 revenue growth was also
strong and increased by 18% compared to the same quarter last year,
reaching a record level of €23.3m. EBIT was healthy at 16% of
revenues, and €3.7m.
The strong growth of the company is increasingly driven by the
continued strong execution of the Security as a Service business
model in partnership with ISP’s around the world. In the ISP
channel the company accelerated the quarter-over-quarter revenue
growth to 11%, compared to a 6% growth in the first quarter,
representing an annual growth of 37%. The ISP business growth is
primarily driven through active marketing co-operation with the
company’s substantial base of ISP partners. Seven new ISP’s were
signed during the quarter or early Q3, including Optus (Australia),
Singtel (Singapore) and NextGenTel (Norway). The company now has a
total of 150 ISP partners in 35 counties, and is thus a global
leader in providing security services through ISP’s.
At the same time traditional license-based channels are growing
at a satisfactory rate. Revenues through other channels, including
Value Added Resellers, IT Service Providers, Managed Security
Service Providers, e-Store and Retail channels were with €14.8m at
a satisfactory level, representing a growth of 9%.
Long-term co-operation with smartphone handset manufacturers
like Nokia as well as with a number of leading mobile operators is
resulting in a strongly growing amount of trial users for the
company’s mobile solutions. This is also leading to a gradual
increase of subscriptions and revenue from mobile solutions.
"Good to see sustainable overall revenue growth and strong
execution in our ISP business", said Kimmo Alkio, President and CEO
of F-Secure Corporation. "Our recent financial performance provides
solid base for longer term success and expansion of our global
business", continued Alkio.
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.
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/
For more information, please contact:
F-Secure Corporation
Kimmo Alkio, CEO,
Tel. +358 9 2520 5500
Taneli Virtanen, CFO,
Tel. +358 9 2520 5655
Jukka Kotovirta, Investor Relations,
Tel. +358 40 588 3933
Email:
firstname.lastname@f-secure.com
