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2013-10-17 15:00:00 CEST 2013-10-17 15:00:03 CEST REGULATED INFORMATION SSH Communications Security Oyj - Company AnnouncementSSH COMMUNICATIONS SECURITY LOWERS ITS ESTIMATE ON SALES GROWTH FOR 2013Helsinki, Finland, 2013-10-17 15:00 CEST (GLOBE NEWSWIRE) -- SSH Communications Security lowers its estimate on sales growth for 2013. Growth will be slower than previously estimated due to longer than estimated sales cycles for new products. New guidance: SSH Communications Security estimates its revenue in 2013 to grow 10% to 20% from the previous year. The lower revenue growth will impact profitability in 2013, but the full year still seems more likely to be profitable than not. Old guidance: SSH Communications Security estimates its revenue to grow significantly from 2012 driven by strong need for its products and services. The company estimates the financial year 2013 to be profitable. Several customers have indicated that they have budgeted for SSH's solutions for 2014, the sales pipeline looks good, and lead on competition still looks solid. Upside possibilities for 2013 include faster than expected closing of new deals. Downside risks include delays in closing new business, product development delays, and macroeconomic challenges. Particularly US government sales may be impacted by the recent government shutdown. Helsinki 17.10.2013 SSH COMMUNICATIONS SECURITY CORPORATION Tatu Ylönen CEO Further info: Jyrki Lalla, CFO. Tel. +358 45 340 4641 Distribution: NASDAQ OMX Helsinki Oy Major media www.ssh.com Founded in 1995, SSH Communications Security is the company that invented the Secure Shell protocol - the gold standard protocol for data-in-transit security solutions. Today, over 3,000 customers across the globe - including seven of the Fortune 10 - trust our Information Assurance Platform to secure the path to their information assets. We enable and enhance business for thousands of customers in multiple industries in the private and public sectors around the world. SSH Communications Security operates in the Americas, Europe, and APAC regions, with headquarters located in Helsinki, Finland. The company shares (SSH1V) are quoted on the NASDAQ OMX Helsinki. |
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