Withsecure financial statement release 1 january – 31 december 2024: strong growth in cloud protection for salesforce, improving profitability and cash flow, divestment of cyber security consulting

Withsecure corporation, financial statement release 1 january – 31 december 2024, 12 february 2025 at 8.00 eet withsecure financial statement release 1 january – 31 december 2024: strong growth in cloud protection for salesforce, improving profitability and cash flow, divestment of cyber security consulting highlights of october – december 2024 (“fourth quarter”) annual recurring revenue (arr)1 for elements cloud products and services2 increased by 6% to eur 83.3 million (eur 78.4 million) elements cloud arr increase from previous quarter was 2% net revenue retention for elements cloud was 99% revenue for elements cloud increased by 9% to eur 21.5 million (eur 19.7 million) arr for cloud protection for salesforce increased by 52% to eur 12.8 million (eur 8.4 million) cyber security consulting revenue declined by 15% to eur 8.6 million (eur 10.2 million). cyber security consulting divestment agreement was signed in january 2025.
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