WithSecure Corporation Financial Statement Release: A Year of Growth and Transformation
Highlights of the Fourth Quarter
WithSecure Corporation recently released its financial statement for the period of 1 January – 31 December 2024, and the results are nothing short of impressive. The company showed strong growth in its Cloud Protection for Salesforce division, which led to improved profitability and cash flow. Additionally, WithSecure made the strategic decision to divest its Cyber security consulting business, paving the way for future growth and innovation.
Key Figures from the Financial Statement
Here are some of the key numbers from the latest financial statement:
- Annual Recurring Revenue (ARR) for Elements Cloud products and services increased by 6% to EUR 83.3 million
- Net Revenue Retention for Elements Cloud stood at an impressive 99%
- Revenue for Elements Cloud increased by 9% to EUR 21.5 million
- ARR for Cloud Protection for Salesforce saw a substantial 52% increase to EUR 12.8 million
- Cyber security consulting revenue declined by 15% to EUR 8.6 million, following the signing of a divestment agreement in January 2025
It is clear from these numbers that WithSecure Corporation is on a trajectory of growth and success, with a strong focus on its core cloud protection offerings.
Implications for Individuals
For individual investors or employees of WithSecure Corporation, the positive financial results are a promising sign of the company’s stability and potential for future growth. The divestment of the Cyber security consulting business may lead to changes in the company’s structure and focus, but overall, it suggests a strategic shift towards more profitable ventures.
Impact on the World
From a broader perspective, WithSecure Corporation’s financial statement release signals the company’s commitment to innovation and adaptability in the fast-paced world of cybersecurity. By focusing on cloud protection services and divesting from less profitable ventures, WithSecure is positioning itself as a leader in the industry, which could have a ripple effect on the global cybersecurity landscape.
Conclusion
Overall, WithSecure Corporation’s financial statement release for the period of 1 January – 31 December 2024 showcases a year of growth and transformation for the company. With strong results in its cloud protection offerings and strategic divestment decisions, WithSecure is setting the stage for future success and innovation in the cybersecurity industry.
