F-Secure delivers steady growth
Steady and profitable growth continued across all business segments in anti-virus and intrusion prevention. In 2006 total revenues were 80.7m (61.8m), representing 31% growth. Operating profit for 2006 without a non-recurring write-off was 13.7m (7.4m) resulting in 17% operating profit. During the fourth quarter the company’s revenues grew 22% and reached a record level of 22.1 m. Profitability for the fourth quarter was according to expectations (excluding non-recurring write-off).
F-Secure’s Security as a Service offering has been very successful with Internet Service Providers. F-Secure is leading the market in Europe in this business area with a market share of 34%, and has gained a strong position in the North-American market with a 10% market share. The total number of ISP partners was 136 operating in 34 countries at the end of the year, an increase of 11 partners from Q3. Service Provider revenue growth accelerated towards the end of the year.
F-Secure’s consumer-focused flagship product, F-Secure Internet Security 2007 received a number of favourable nominations in product comparison reviews. For example the product received the “Best i Test” nomination in PC World in Norway and it was “editors choice” in the Window News publication in France. F-Secure also introduced next-generation messaging security solutions, protecting against spam and viruses already at the gateway level.
Mobile security markets are gradually developing with F-Secure in the leadership position. F-Secure continued close cooperation with Nokia and other key players in the mobile market. F-Secure Mobile Anti-Virus was the first antivirus software for the S60 3rd Edition smartphone software and it will be available for the majority of the currently shipping or upcoming Nokia S60 3rd Edition devices, including Nokia Nseries and Eseries devices. The number of known mobile malware targeting open operating systems has now exceeded 340.