Overall growth of 11 percent in enterprise business anchored its success
TOKYO--(BUSINESS WIRE)--Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced earnings results for the third quarter 2018, ending September 30, 2018. For the third quarter, Trend Micro posted consolidated net sales of 40,485 million Yen (or US $360 million, 112.18 JPY = 1USD). The company posted operating income of 9,374 million Yen (or US $83 million) and net income of 7,542 million Yen (or US $67 million) for the quarter.
The company will not revise expected consolidated results for the full fiscal year ending December 31, 2018 (released on February 15, 2018). 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.
“We are reaching milestones and sustaining growth that we couldn’t have imagined when we founded the company 30 years ago this month. We have always followed a long-term strategy and plan that is built against sustainable and well-balanced growth across solutions, customer segments, and geography,” said Eva Chen, co-founder and chief executive officer for Trend Micro. “Seeing solid double-digit growth in all of our focus area validates our strategy and mindset.”
Customers choosing Trend Micro for Hybrid Infrastructure Protection
Overall, Trend Micro’s enterprise business grew in double digits, fueled by a 25 percent year over year growth in gross sales of Hybrid Infrastructure Protection, which consists of solutions for securing hybrid cloud and network environments.
Preventing risk from proliferation of connected devices
Securing organizations’ infrastructures in an increasingly connected world is one of Trend Micro’s key areas of investment and research. As the number of connected things continuously increases, awareness, knowledge and understanding of associated threats and vulnerabilities are still relatively limited or not thought of. To reconfirm its commitment to Internet of Things (IoT) security, Trend Micro launched a number of initiatives and programs in the third quarter:
Doubling down on addressing the skills gap
With the global skills gap as a prevailing issue in our industry, Trend Micro has intensified its efforts to address the issue. The fundamental skills shortage is a known problem across cybersecurity and Trend Micro is addressing this issue from both the technology and people perspectives.
Trend Micro was awarded the following patents in Q3 2018:
|628941||07/01/2018||Phishing detection by login page census|
|10027702||07/17/2018||Identification of malicious shortened uniform resource locators|
|10057198||08/21/2018||Controlling social network usage in enterprise environments|
System and method for protecting computer against remote malware download
|10061921||08/28/2018||Methods and systems for detecting computer security threats|
Methods and systems for finding compromised social networking accounts
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, 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 control, enabling better, faster protection. With more than 6,000 employees in over 50 countries and the world’s most advanced global threat intelligence, Trend Micro secures your connected world. For more information, visit www.trendmicro.com.
All product and company names herein may be trademarks of their registered owners.