![]() In February, F-Secure sold its personal cloud storage business to Synchronoss TechnologiesĪs of the beginning of 2015 the personal cloud storage business (younited), which was sold to Synchronoss Technologies in February, is reported as discontinued operations.In June, F-Secure acquired nSense, the Nordic’s leading cyber security provider, signaling the start of F-Secure’s expansion into the cyber security markets and large enterprise customer segments.Deferred revenues increased to EUR 48.1 million (43.0 m) at the end of the quarter as a result of growth in license and renewal sales.Liquid assets at the end of the year were EUR 94.3 m Cash flow from operations (including discontinued operations) was EUR 28.9 million (29.1 m).Earnings per share (EPS) were EUR 0.14 (0,10).EBIT (IFRS) for continuing operations was EUR 20.0 million, representing 14% of revenues (22.3 m, 16%).EBIT (non-IFRS) for continuing operations was EUR 22.3 million, representing 15% of revenues (23.3 m, 17%).Revenues for continuing operations increased by 7%, totaling EUR 147.6 million (137.4 m ).F-Secure has received debit decisions relating to foreign tax credits on withholding taxes from 2009-2011 amounting to EUR 3.0 million added with late payment interest of EUR 0.9 million F-Secure will appeal the decisions with the Tax Administration’s Board of Adjustment.F-Secure amended its strategy and confirmed becoming the leading European cyber security company as its key target.F-Secure announced F-Secure Sense, a new security product for connected home devices (Internet of Things).Cash flow from operations (including discontinued operations) was EUR 14.3 million (11.6 m).Earnings per share (EPS) were EUR 0.00 (0.03).EBIT (IFRS) for continuing operations was EUR 5.0 million, representing 13% of revenues (EUR 5.6 m, 16%).EBIT (non-IFRS) for continuing operations was EUR 5.9 million, representing 15% of revenues (6.2 m, 18%).Revenues for continuing operations increased 13% year-on-year to EUR 38.9 million (34.5 m), driven by continued strong demand for cyber security services and growth in corporate security sales through the reseller channel.HIGH DEMAND FOR CYBER SECURITY SERVICES, CORPORATE SECURITY GROWTH CONTINUES F-Secure Corporation, Stock Exchange Release, 5 February 2016, 09.35 EETĬorrection: The earlier release published at 09.05 (EET) did not include the Company name in the headline
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