TOKYO--(BUSINESS WIRE)--Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced earnings results for the fourth quarter and consolidated revenue for fiscal year 2017, ending December 31, 2017.
In 2017, the company had double-digit net revenue growth, evidence of Trend Micro’s continued leadership in the security industry and providing a strong platform to secure the connected world as we move into 2018.
“I’m honored to share the results of our strong financial performance, strategic solution enhancements and impressive market validation,” said Eva Chen, chief executive officer for Trend Micro. “And in keeping with our core value of protecting our customers against the changing threat landscape, I’m also pleased to highlight innovation that enables us to grow in new ways.”
For the fourth quarter, Trend Micro posted consolidated net sales of 41,028 million Yen (or US $363 million, 112.99 JPY = 1USD). The company posted operating income of 8,511 million Yen (or US $75 million) and net income attributable to owners of the parent of 5,175 million Yen (or US $45 million) for the quarter.
For 2017, Trend Micro posted consolidated net sales of 148,811 million Yen (or US $1,326 million, 112.22 JPY=1USD). The company also reported operating income of 36,441 million Yen (or US $324 million) and net income attributable to owners of the parent of 25,691 million Yen (or US $228 million).
Based on information currently available to the company, consolidated net sales for the year ending December 31, 2018 is expected to be 164,800 million Yen (or US $1,484 million, based on an exchange rate of 111 JPY = 1 USD). Operating income and net income are expected to be 40,700 million Yen (or US $366 million) and 28,400 million Yen (or US $255 million), respectively.
Growth rate figures are calculated from Japanese Yen results. Some discrepancy may therefore be noted in US Dollar comparisons owing to fluctuations in currency conversion rates.
Q4 2017 Business Highlights
Valued product development and strategic investments to protect our customers:
Continued innovation and research to secure the evolving, connected world:
Q4 2017 Reports, Recognitions and Awards
Trend Micro was awarded the following patents in Q4 2017:
|9811664||11/07/2017||Methods and Systems for Detecting Unwanted Web Contents|
|9813412||11/07/2017||Scanning of Password-Protected E-Mail Attachment|
|9817974||11/14/2017||Anti-Malware Program with Stalling Code Detection|
|9843602||12/12/2017||Login Failure Sequence For Detecting Phishing|
Notice Regarding Forward-Looking Statements
Certain statements that are made in this release are forward-looking statements. These forward-looking statements are based on management's current assumptions and beliefs in light of the information currently available to it, but involve known and unknown risks and uncertainties. Many important factors could cause actual results to differ materially from those expressed in forward-looking statements. These factors include:
About Trend Micro
Trend Micro Incorporated, a global leader in cybersecurity solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and investigation, enabling better, faster protection. With almost 6,000 employees in more than 50 countries and the world’s most advanced global threat intelligence, Trend Micro enables organizations to secure their connected world. For more information, visit www.trendmicro.com.
All product and company names herein may be trademarks of their registered owners.
Trend Micro Incorporated
Kateri Daniels, 817-522-7911
Investor Relations, +81-3-5334-4899