F-Secure’s first quarter total revenue grew 41% to 18,8 million euro and the number of partners offering security as a service rose to over 100
F-Secure continues solid growth in its total revenue with a 41%
rise to 18,8 million euro and a sizeable 270% growth in its
operating profit of 2,9 million euro. The company’s strategically
focused security as a service business initiative exceeded 80%
growth with an additional strong increase in consumer products in
the same time frame.
F-Secure is investing in the development of the security as a
service business field and is now able to offer a broad number of
target groups tailor made Service Platform service level solutions.
F-Secure Service Platform is particularly well suited to large
corporations, small and medium sized enterprises , consumers and
gateway level, as well as mobile phone and operator networks.
F-Secure also extended its security as a service operations in Asia
by making a deal with the Indian corporation, Reliance
Communications. A service agreement with New World Telecom in Hong
Kong for bringing into use Service Platform for Businesses was also
the first of its kind in the small to medium-sized data
security market in Asia.
F-Secure now has over 100 deals with Internet Service Provider
partners in 27 different countries and the company is the clear
market leader in this area in the world.
F-Secure has also invested in the product development of data
security for private PC users and F-Secure Internet Security 2006
launched in autumn 2005 has been selling successfully both in the
company’s own webstore as well as spreading through innovative
consumer channels. As a result, turnover in the consumer sector has
grown 80 %. In addition, F-Secure continues to develop
groundbreaking new channel solution deals with the likes of
Barclays Internet Bank.
Awareness of global wireless data security threats is quietly
growing and sales in F-Secure’s Mobile Anti-Virus products designed
to protect portable and wireless systems have shown clear growth in
the first quarter. Cooperation with Nokia continues and F-Secure
Mobile Anti-Virus will soon be available in many S60 –platform
based phones. In addition to this, the corporation is also
providing a data security service to the Swiss Orange World
Internet mobile portal which is updated daily direct to users’p
hones.
F-Secure’s President and CEO, Risto Siilasmaa stated: Strong
growth describes well the development of our security as a service
solution concept as a correct strategy. Our customers are
increasingly subscribing to security as a service and we have
succeeded in developing different service level solutions to meet
their needs. We still emphasise the recruitment of trustworthy
partners in all service platform sectors and we put our faith in
the strong growth of the antivirus and intrusion prevention
business.
Financial Reporting
A press and analyst conference will be arranged today, April 26,
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 (14.30 CET, 1.30 pm
UK time). Instructions can be found at the following address:
http://www.f-secure.com/investor-relations/
The following quarterly report for 2006 will be published on
August 1 (Q2) and on October 24 (third quarter). 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.
The full stock exchange release
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/
For further information, please contact:
F-Secure Corporation
Risto Siilasmaa, President and CEO
tel.358 9 2520 5510
Taneli Virtanen, Chief Financial
Officer
tel.358 9 2520 5655
