Helsinki, Finland, 2016-10-10 11:27 CEST (GLOBE NEWSWIRE) --
SSH Communication Security Oyj lowers its estimate on revenue growth for 2016.
Software license and subscription sales are estimated to be considerably higher than in 2015. However, we have increased our estimate of the risk related to patent licensing revenue and certain software license and subscription sales cases slipping to next year. Professional services sales are lower than in 2015, as expected. Despite the positive development in software license and subscription sales, the overall revenue growth has become less likely to reach a level that we would describe as significant. New guidance: SSH Communications Security estimates its revenue in 2016 to grow slightly from 2015. Old guidance: In 2016, SSH Communications Security estimates its revenue to grow significantly from 2015.
SSH COMMUNICATIONS SECURITY CORPORATION Tatu Ylönen CEO For further information, please contact: Helena Kukkonen, CFO, tel. +358 40 835 3440
Distribution: NASDAQ OMX Helsinki Oy Major media www.ssh.com
About SSH Communications Security Oyj
SSH Communications Security is a leading provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The company’s long track record of innovation includes Secure Shell (SSH) - one of the world’s most widely used network security protocols. Customers worldwide trust our flagship Universal SSH Key Manager® and other solutions to manage access, while greatly reducing costs and compliance risks. The Company sells direct through offices in North America, Europe and Asia and through a global network of certified partners. The company’s shares (SSH1V) are quoted on the NASDAQ OMX Helsinki. For more information, visit www.ssh.com .
