Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

F-Secure delivers strong growth and profitability for 2007

  • 31 January, 2008 15:00

<p>F-Secure Corporation grew its revenue by 20% during its 2007 fiscal year, and reached an all-time high of 96.8m€. The strategically important Internet Service Provider business grew by 38% year over year. Profitability improved by 120% with an EBIT of 19.5m€, representing 20% of revenues. The revenues for the fourth quarter of 2007 were 26.0m€ with an EBIT of 5.5m, 21% of revenues.</p>
<p>F-Secure has been focusing on providing security as a service through Internet Service Providers (ISP’s) for several years, and execution in this business continues strong. Seven new ISP partners were signed up during the fourth quarter, and the total amount of partners at the end of 2007 was 166, operating in 36 countries around the world. New partnerships announced during the fourth quarter include Airtel India, Sify India and Irish Broadband. The ISP business represented 39% of the company’s Q4 revenues, compared to 33% a year earlier. F-Secure security services are now available through ISP partners that cover 37% of all broadband subscribers in Europe, 10% in North America, and 9% in Asia-Pacific region. The company has more partners in this business than any other vendor globally.</p>
<p>In the mobile business F-Secure expanded its co-operation with key handset manufacturers through partnering with Sony Ericsson to provide F-Secure Mobile Security for the UIQ smartphone platform. This is an important step in enabling future revenue streams for the mobile business. Close co-operation with Nokia and Sony Ericsson together with the current operator partnerships make mobile security applications available to a large number of end users. This business now represents approximately 3% of the company’s Q4 revenues.</p>
<p>The good growth of the company has also provided increasing career opportunities for highly trained professionals. During 2007 almost 100 new positions were introduced to the company. "We are glad to see that our mission of protecting and enhancing our customer’s connected lives is resonating well with not only customers, but also with well motivated professionals who decide to join F-Secure to help with this mission and drive company growth. 2007 was a good year for the company and we anticipate a healthily dynamic market moving forward", said Kimmo Alkio, President and CEO of F-Secure Corporation.</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 160 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.</p>
<p>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 OMX Nordic Exchange Helsinki 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>

Most Popular

Essentials

Mobile

Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Join the newsletter!

Or
Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?