F Secure Oyj (FSROF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everybody to F-Secure's quarter three 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 three results release, we were thinking about building 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 quarter three. 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 with what we indicated earlier in quarter three. The weaker US dollar, continued weakening, unfortunately, during quarter three. So that didn't give us any kind of, let's say, wind behind our back. But in currency neutral terms is what matters most. how we did. Now, we did regular work in terms of focusing on our strategy execution, making sure that our capability and maturity to serve tier one partners win business, deliver services, and produce the services in operation are strengthened, and we continue that work on all fronts in technology, services, product. In terms of operational excellence, we've been building new capabilities, for instance, in terms of service. We've started introducing AI-powered capabilities and agentic AI into our repertoire. And then in commercial per...