A strong first quarter for both corporate and consumer security – Interview with F-Secure’s CEO

Key takeaways
– Corporate security in double-digit growth, new products performing well
– Cyber security services in very fast double-digit growth, supports product business
– Consumer security showing steady progress, both operator channel business and direct sales growing
– We are performing as planned

Highlights of January–March (Q1)
• Revenue increased by 9% year-on-year to EUR 41.0 million (37.8m)
• Revenue from corporate security increased by 14% to EUR 16.7 million (14.6m), representing 41% (39%) of all revenue
• Revenue from consumer security increased by 5% to EUR 24.3 million (23.2m), representing 59% (61%) of all revenue
• EBIT was EUR 1.6 million, representing 4% of revenue (3.2m, 8%)
• Earnings per share (EPS) was EUR 0.01 (EUR 0.01, EUR 0.02 including discontinued operations)
• Deferred revenue increased by 13% to EUR 56.3 million (49.7m) at the end of the quarter, reflecting strong order intake in corporate security
• Cash flow from operations was EUR 5.5 million (-1.1m)

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