F Secure Oyj (FSROF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.018 Welcome everybody to F-Secure's quarter three results session. 00:00:05.018 -- 00:00:10.286 Good to have you all with us online as well as here in the room, physically 00:00:10.286 -- 00:00:13.047 in Helsinki, Finland. 00:00:13.150 -- 00:00:18.738 Now, when we were thinking about the right header for our quarter three results release, 00:00:18.738 -- 00:00:23.826 we were thinking about building the fundamentals for growth. 00:00:23.826 -- 00:00:26.233 We've been working on that for quite some time. 00:00:26.233 -- 00:00:30.866 We've had that header for a few times, and we thought of other transformative things 00:00:30.866 -- 00:00:34.726 that we've been busy with in the last months. 00:00:34.726 -- 00:00:40.294 And we realized that we made tons of concrete progress on the 00:00:40.294 -- 00:00:42.237 front of AI-powered 00:00:42.237 -- 00:00:46.242 business. And we decided that that's the right header for this time. 00:00:46.242 -- 00:00:51.530 I'll get back to that later. But now let's dig into the results of quarter 00:00:51.530 -- 00:00:53.052 three. 00:00:53.052 -- 00:00:55.735 So first of all, 00:00:55.735 -- 00:00:59.499 in line with what we indicated in July, we 00:00:59.499 -- 00:01:04.905 were looking for low single digit growth in the business in currency neutral terms, 00:01:04.905 -- 00:01:09.990 and that's precisely what we got. So we were developing the business slower than 00:01:09.990 -- 00:01:15.256 what we expected in the beginning of the year, but in line with what we indicated 00:01:15.256 -- 00:01:18.457 earlier in quarter three. 00:01:19.100 -- 00:01:23.788 The weaker US dollar, continued weakening, unfortunately, during quarter three. 00:01:23.788 -- 00:01:27.231 So that didn't give us any kind of, 00:01:27....