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Posted by
Two Blokes Apr 25 -
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WithSecure Corporation, Interim Report 1 January – 31 March 2025, 25 April 2025 at 8.00 EEST WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce Highlights of January – March 2025 (“first quarter”) Annual Recurring Revenue (ARR)1 for Elements Cloud products and services increased by 8% to EUR 86.6 million (EUR 80.5 million) Elements Cloud ARR increase from previous quarter was 4% Net Revenue Retention (NRR) for Elements Cloud was 103% Revenue for Elements Cloud increased by 6% to EUR 21.9 million (EUR 20.6 million) Adjusted EBITDA for Elements Company was EUR 0.9 million (EUR 0.7 million, restated) ARR for Cloud Protection for Salesforce increased by 70% to EUR 13.9 million (EUR 8.2 million) Net Revenue Retention (NRR) for CPSF was 133% Operative cash flow of the first quarter was EUR -2.6 million (EUR -2.4 million) Items affecting comparability (IAC) of adjusted EBITDA were EUR -0.2 million (EUR +0.1 million). Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.
