F Secure Oyj (FSROF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for F-secure Oyj.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.996 A warm welcome, everybody, to F-Secure's quarter one interim results session, both here 00:00:04.996 -- 00:00:10.181 in the room as well as everybody else who are attending 00:00:10.181 -- 00:00:12.801 the session online. 00:00:14.024 -- 00:00:19.589 Straight into a summary of the quarter. So 00:00:19.589 -- 00:00:23.311 our revenue grew by 2%. Still 00:00:23.613 -- 00:00:28.415 during quarter one, the US dollar exchange rate was clearly favorable. 00:00:28.415 -- 00:00:33.261 Towards the end of March that started changing and naturally we've seen in April that 00:00:33.261 -- 00:00:35.441 it's been 00:00:35.804 -- 00:00:41.391 quite different from what we've been experiencing in the past couple of years as 00:00:41.391 -- 00:00:46.197 dollar has been weakening. But with regards to quarter one, it was still favorable to 00:00:46.197 -- 00:00:50.099 us as we're a very heavily Euro 00:00:50.422 -- 00:00:55.666 focused company. Profitability exceeded our expectations. 00:00:55.820 -- 00:00:58.504 That was good. 00:00:58.504 -- 00:01:03.530 We forged new partnerships. One partnership in the 00:01:03.530 -- 00:01:08.557 Nordics, which is completely new. And then in Central Europe, 00:01:08.557 -- 00:01:10.557 Orange, 00:01:10.780 -- 00:01:17.567 that I'll talk a bit more about later. And then we had a 00:01:17.569 -- 00:01:21.555 small number of partners who enhanced 00:01:21.555 -- 00:01:26.912 their Contracts, typically our contracts are in the range of three to five years 00:01:26.912 -- 00:01:32.289 and those came up for renewal and they renewed and not only renewed, they expanded 00:01:32.289 -- 00:01:33.833 the scope 00:01:33.833 -- 00:01:36.067 with F-Secure. 00:01:36.067 -- 00:01:39.970 In terms of quarter one and embedded, 00:0...