Q3 2025 F-Secure Oyj Earnings Call Transcript
Key Points
- F-Secure Corp (FRA:3I6) achieved low single-digit growth in currency-neutral terms, aligning with their guidance.
- The company made significant progress in AI-powered business, introducing AI capabilities into their services.
- F-Secure Corp signed new deals, including a groundbreaking partnership in deep fake detection with a major Asian partner.
- The scam protection module was recognized as the cybersecurity solution of the year for telecommunications by the Cybersecurity Breakthrough Awards.
- The company launched new AI-powered initiatives, Horizon and Halo, to enhance partner business platforms and customer service.
- Revenue growth was impacted by a weaker US dollar and lower-than-expected performance in the partner channel business.
- The direct business declined by 5.9% due to a lack of investment in new customer acquisition.
- Gross margin decreased to 83.9%, partly due to lower volumes and the growth in embedded services with lower profitability.
- The German market faced challenges with a significant customer churn, impacting overall performance.
- The company remains behind its growth plans, particularly in tier one cases, leading to a profit warning earlier in the year.
Welcome everybody to FSecure's quarter 3 results session.
Good to have you all with us online as well as here in the room physically in Helsinki, Finland.
Now when we were thinking about the right header for our quarter 3 re results release, we were thinking about.
Building the the fundamentals for growth, we've been working on that for quite some time, we've had that header for a few times and we thought of other transformative things that we've been busy with in the last months.
And we realized that we made tons of concrete progress on the front of AI powered business and we decided that that's the right header for this time. I'll get back to that later, but now let's dig into the results of of quarter 3.
So first of all, in line with what we indicated in July, we were looking for low single-digit growth in the business in currency neutral terms, and that's precisely what we got so we were developing the business slower than what we expected in the beginning of the year but in line
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