SSH lowers growth target for 2001

Finnish Internet security software supplier SSH Communications Security lowered its net sales growth expectation from 110-150 percent to 90-110 percent.

The company says that the uncertainty prevailing in the IT market has caused a number of expected licensing agreements in the U.S and in Europe to be postponed from the second quarter to the second half of this year.

This will affect SSH's short-term business operations, especially in the second quarter, causing the company to update its outlook statement.

SSH's growth depends on the market development and the success enjoyed by new products, including SSH Complete VPN, SSH Sentinel, and SSH Certifier. The full fiscal year result is expected to be slightly positive, although the major part of net sales are estimated to accumulate towards the end of the year.

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