F-Secure Corporation accelerated its overall revenue growth to 21% in the third quarter of 2007, and reached an all-time high quarterly revenue of 24.3 million euros. The strategic ISP business sustained its strong level of growth with a 42% year-over-year growth. Earnings before interest and taxes increased by 63% to 6.2 million euros, and EBIT was thus 26% of Q3 revenues.
The long-term strong development of the ISP business continued
in the third quarter. The "security as a service" concept that
F-Secure pioneered seven years ago continues to meet a very
positive response from both partners and end-customers. Nine new
partnerships were signed in both Asia, North America and Europe
during the quarter, and the total amount of ISP partners in 35
countries around the globe is now 159. That is significantly more
than for any competitor worldwide. With a strong base of partners
the company is increasingly focusing on close marketing
collaboration with the service providers to increase the security
service adoption rate in the large user bases of the ISP’s. The ISP
business was 9.4 million euros representing 39% of the company’s
total revenues, compared to 33% a year ago.
F-Secure’s security research laboratories have seen a
significant increase in malware during this year. Today’s attacks
are well targeted, invisible, and do not seek publicity. "Life and
business has become more and more dependent on networks and
information technology. The significant growth of malware on the
Internet makes it necessary to take care of up-to-date protection.
We enable ISP’s and other experts to provide data security as a
service. Thus we can help a large population of Internet users take
full advantage of the opportunities networked life presents", said
Kimmo Alkio, President and CEO of F-Secure Corporation.
About F-Secure Corporation
F-Secure Corporation protects consumers and businesses against
computer viruses and other threats from the Internet and mobile
networks. F-Secure’s award-winning solutions are available as a
service subscription through more than 150 Internet service
provider and mobile operator partners around the world, making
F-Secure the global leader in this market. The solutions are also
available as licensed products through thousands of resellers
globally. F-Secure has received the Frost & Sullivan 2007 award
for Distribution Strategy Leadership. The company aspires to be the
most reliable security provider, helping make computer and
smartphone user’s networked lives safe and easy. This is
substantiated by the company’s independently proven ability to
respond faster to new threats than its main competitors. Founded in
1988, and headquartered in Finland, F-Secure has been listed on the
Helsinki Exchanges since 1999. The company has consistently been
one of the fastest growing publicly listed companies in the
industry. The latest news on real-time virus threat scenarios is
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
