ARMOUR Residential REIT(US:ARR) GlobeNewswire News Room·2025-04-25 05:00Core Insights - WithSecure Corporation reported continued growth in its Annual Recurring Revenue (ARR) for its Elements Cloud products and services, with a notable 70% ARR growth for Cloud Protection for Salesforce in the first quarter of 2025 [1][6][12] Financial Performance - Elements Cloud ARR increased by 8% to EUR 86.6 million compared to EUR 80.5 million in the same period last year [6][7] - Revenue for Elements Cloud grew by 6% to EUR 21.9 million from EUR 20.6 million [6][7] - Cloud Protection for Salesforce achieved a 70% ARR growth to EUR 13.9 million, up from EUR 8.2 million [6][12] - Adjusted EBITDA for the Elements Company segment was EUR 0.9 million, an increase from EUR 0.7 million [11] - The overall revenue for continuing operations was EUR 30.1 million, a 4% increase from EUR 28.8 million [14] Outlook and Guidance - The company maintains its outlook for 2025, projecting a 10-20% growth in ARR for Elements Cloud products and services from the end of 2024 [2] - ARR for Cloud Protection for Salesforce is expected to grow by 20-35% from the end of 2024 [2] - The company aims to achieve a "Rule of 30+" status over the next three years, indicating a focus on sustainable growth [4] Strategic Developments - The cyber security consulting business will be divested in 2025, allowing Elements Company and CPSF to operate with their own guidance [3] - A divestment agreement for the Malaysian entity has been signed, with the transaction expected to close in the second quarter of 2025 [9][17] - The company is focusing on developing its partner channel and has signed several new key partner agreements during the first quarter [9] Operational Metrics - Net Revenue Retention (NRR) for Elements Cloud was 103%, while NRR for Cloud Protection for Salesforce was 133% [7][12] - The operative cash flow for the first quarter was EUR -2.6 million, slightly worse than EUR -2.4 million in the previous year [11]