Inside information, profit warning: WithSecure Corporation lowers its outlook for 2025 Elements Cloud products and services ARR growth

Summary by AI ^BETAClose X

WithSecure Corporation has lowered its outlook for 2025 Elements Cloud products and services ARR growth. The company now anticipates growth of 3-10% from the end of 2024, a decrease from the previous outlook of 10-20%. This revision is due to customer churn in Managed Services, impacting the recovery of ARR. At the end of 2024, Elements Cloud ARR was EUR 83.3 million. The outlook for Elements Company segment’s Adjusted EBITDA remains at 3-7% of revenue. The ARR growth outlook for Cloud Protection for Salesforce is also maintained at 20-35% from the end of 2024, when CPSF ARR was EUR 12.8 million.

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WithSecure Corporation | Inside Information | 7 October 2025 at 17:30 EEST

Inside information, profit warning: WithSecure Corporation lowers its outlook for 2025 Elements Cloud products and services ARR growth

WithSecure Corporation lowers its outlook for Elements Cloud products and services ARR growth for 2025.

The company now expects its Annual Recurring Revenue (ARR) for Elements Cloud products and services to grow by 3-10 % from the previous year (previous outlook: 10–20 %). In the end of 2024, Elements Cloud ARR was EUR 83.3 million.

The outlooks for Elements Company segment’s Adjusted EBITDA, (3-7% of revenue) and Cloud Protection for Salesforce ARR growth (20-35%) are maintained.

Rationale for updating the outlook

WithSecure Elements Cloud software and Co-security services continue a solid ARR growth year-on-year. However, Managed Services for larger direct enterprise customers have experienced customer churn from several customers during 2025, including the biggest Managed Services customer. The ARR gap is less likely to be fully recovered in the remainder of 2025.

New outlook for 2025

Annual recurring revenue (ARR) for Elements Cloud products and services will grow by 3-10 % from the end of 2024. At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

Elements Company segment's Adjusted EBITDA will be 3-7% of revenue.

Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024. At the end of 2024, CPSF ARR was EUR 12.8 million.

Previous outlook for 2025

Annual Recurring Revenue (ARR) for Elements Cloud products and services will grow by 10-20% from the end of 2024. At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

Elements Company segment's Adjusted EBITDA will be 3-7% of revenue.

Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024. At the end of 2024, CPSF ARR was EUR 12.8 million.