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F-Secure Continues To Improve Its Growth Rate In Third Quarter

Introduction of new technologies and services positions company well for future opportunities.
  • 22 October, 2008 13:11

<p>F-Secure Corporation reported a healthy revenue growth of 18% in its third quarter, resulting in 28.6 million euros of revenues, an all-time high for the company. F-Secure has achieved a continued improvement in its growth rate during 2008. Profitability has remained at a good level and was 7.1 million, or 25% of revenues. The company continues to post strong operating cash flows which were 5.3 million during the third quarter.</p>
<p>The company’s strategically important business with Internet Service Providers continued on an anticipated good level with a 31% annual growth rate. This business now represents 43% of total revenues, and new opportunities for future growth were created through several new partnerships like TDC Solutions in Denmark, Tele2 in the Netherlands and UnityMedia in Germany. F-Secure now has 178 ISP partners in 42 countries, and is the leading provider of ISP provisioned security services globally.</p>
<p>Growth opportunities in the ISP business were also strengthened by introducing a new online backup service which complements F-Secure’s existing security service. Contracts offering the new service have already been signed in both Italy and Germany.</p>
<p>The latest version of F-Secure’s consumer product, F-Secure Internet Security 2009 launched in September, included the new F-Secure DeepGuard 2.0. Its ‘in-the-cloud’-technology with a real-time protection network make it a perfect fit for today’s evolved threat situation. DeepGuard 2.0 dramatically decreases the response time to new, unknown threats by instant recognition of both safe and malicious programs using a combination of local heuristics and online lookups in the real-time protection network. F-Secure was the first company in the industry to introduce an ‘in-the-cloud’ real-time protection network for consumers, and the new product has already gained excellent results in independent tests.</p>
<p>Kimmo Alkio, President and CEO of F-Secure Corporation says; “Innovation is one of our core values. We are very happy that we can continue to innovate and introduce new services and industry firsts in a competitive market. This ability to innovate is one of our key building blocks for accelerating our growth.”</p>
<p>About F-Secure Corporation</p>
<p>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 170 Internet service providers 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. The company aspires to be the most reliable security provider, helping to make computer and smartphone users’ connected 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 NASDAQ OMX Helsinki Ltd 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/.</p>

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