Trend Micro Reports Sustained, Double-Digit Growth for Third Quarter
Strong growth in all regions, combined with higher-than-projected operating incomeTokyo, Japan – November 8, 2007 – Trend Micro, Incorporated
(TSE: 4704), a leader in network antivirus and Internet content security
software and services, today announced earnings results for the third quarter 2007 (in accordance with Japan
GAAP.)
Trend Micro posted consolidated net sales of 25.201 billion Yen (or US $214.374 million,
117.56JPY = 1USD), and operating income and net income both performed above
expectations. The company posted
operating income of 8.937 billion Yen (or US $76.026 million) and net income of 6.864 billion Yen (or US $58.391 million) for the quarter.
These figures reflect 19 percent growth in net sales compared to the same
period a year ago, a 24 percent growth in operating income and a 43 percent
growth in net income for the same time frame.
The Company continued to grow with a 32 percent
year-over-year revenue increase in
“Once again, Trend Micro delivered strong financial results
and sustained double-digit growth in all regions. Our operating income also exceeded
projections,” said Eva Chen, CEO of Trend Micro. “We furthered our mission of
providing the most advanced Internet security solutions by implementing
Web-based security to our top consumer products -- Trend Micro™ AntiVirus Plus
AntiSpyware, Trend Micro Internet Security, and Trend Micro Internet Security
Pro, which are on the market now. Our
top rankings within the Dow Jones Sustainability Index and the Nikkei Excellent
Company Ranking prove our global and industry vibrancy.”
Based on information currently available to the company,
consolidated net sales for the fourth quarter ending December 31, 2007 is expected to be
25.70 billion Yen (or US $227.43 million, based on an exchange rate of 113 JPY
= 1USD). Operating income and net income are expected to be 8.40 billion Yen
(or US $74.33 million) and 5.30 billion Yen (or US $46.90 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.
Third Quarter Business Highlights
Corporate
• Trend Micro was ranked No.10 in the Combined Score Ranking
of the 2007 Nikkei Excellent Company Ranking, which evaluates companies in the Tokyo
Exchange Market. The ranking is determined by analyzing each company's fiscal
results (from April 2006-March 2007), and examining financial indicators,
including operational scale, profitability, stability and growth potential.
• For the fourth consecutive year, Trend Micro was included
in the Dow Jones Sustainability Index World. Launched in 1999, the Dow Jones Sustainability Indexes are the first
global indexes tracking the financial performance of the leading
sustainability-driven companies worldwide.
• In September, Trend Micro expanded its Alliance Partner
Program, providing a set of services tailored for Technology, Platform, and
Consulting Services partners. These new
services provide an enhanced set of benefits and services that enable Trend
Micro and its alliance partners to grow business together, create joint
business solutions, and provide opportunities for joint marketing and
collaboration that can increase value to customers.
• Trend Micro and Cisco further advanced their relationship
in August through a new agreement to extend Trend Micro security services
incorporated into Cisco's network infrastructure products. Under this
agreement, the companies now will work closely on integrating additional
content security services into Cisco's routing offerings.
• In July, Eva Chen was invited to speak at the Fortune
iMeme: The Thinkers of Tech conference. She spoke on the global path of the so-called “Italian Job” Web-threat
outbreak that compromised thousands of tourism-related websites in
• New customers in the second quarter included:
In the United States and
In
In
In
Awards
• A leading consumer testing magazine top-rated Trend Micro’s suite of consumer
security solutions.
• Trend Micro InterScan Gateway Security Appliance received
a rating of “Excellent” from the editors of ZDNet UK.
• In
Products
Trend Micro introduced the following products in the third quarter 2007:
• Trend Micro AntiVirus Plus AntiSpyware, Trend Micro
Internet Security, and Trend Micro Internet Security Pro - In September,
Trend Micro unveiled the next versions of its consumer security products. These products offer consumers powerful
protection from cyber criminals by safeguarding multiple attack points, from
the operating system to browsers to keyboards. The company focused on core consumer needs such as enhanced protection
against the latest malware, 30% faster manual scanning than competitive
products, easy reporting and more convenient manageability, including a
simplified and elegant user interface.
• Trend Micro OfficeScan™ 8.0 - In September, Trend
Micro licensed host intrusion defense technology and is integrating it within
the company's corporate endpoint security solution. The result is expected to be a comprehensive
endpoint security solution encompassing antivirus, anti-spyware, firewall, and
host intrusion defense which protects users with complementary and proactive
protection from malicious attacks.
• Interscan™ Web Security Appliance -
Featuring Web reputation, URLfiltering and applet security in a real-time Web
environment, this is a comprehensive approach for protecting the network from
attacks such as virus, spyware, malicious Web sites, and inappropriate Web
content. The product, announced in
August, now includes real-time Web reputation from Trend Micro, which assesses
the safety of a Web page based on both behavior and content.
• SecureCloud™ - In July, Trend Micro announced
the availability of the company’s complete Software-as-a-Service Security
platform for small and midsize businesses and the enterprise market, providing
messaging gateway security, hosted email security and botnet identification
services.
• NeatSuite™ Standard/NeatSuite Advanced – In July,
Trend Micro announced NeatSuite Standard, for medium-sized business customers,
and NeatSuite Advanced, for enterprise customers. Both solutions benefit from the Trend Micro
multilayered, multi-threat protection, and provides a gateway-to-endpoint defense against new and
evolving threats. Now also including Trend Micro Web reputation technology, these solutions provide customers
proactive protection against Web-based attacks, viruses, spam, spyware and other
malware.
• Trend Micro™ InterScan™ Gateway Security
Appliance – Continuing to provide secure content management for mid-sized
organizations, the latest version, announced in July, now includes Web
reputation technology which bolsters security by identifying Web sites and
sources of spam.
Notice Regarding Forward-looking Statements
Certain statements that we make in this release are forward-looking statements.
These forward-looking statements are based upon 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 our actual results to differ materially from those expressed in our
forward-looking statements. These
factors include:
- Difficulties in addressing new virus and other computer
security problems
- Timing of new product introductions and lack of market acceptance for our new
products
- The level of continuing demand for, and timing of sales of, our existing
products
- Rapid technological change within the antivirus software industry
- Changes in customer needs for antivirus software
- Existing products and new product introductions by our competitors and the
pricing of those products
- Declining prices for products and services
- The effect of future acquisitions on our financial condition and results of
operations
- The effect of adverse economic trends on our principal markets
- The effect of foreign exchange fluctuations on our results of operations
- An increase in the incidence of product returns
- The potential lack of attractive investment targets and
- Difficulties in successfully executing our investment strategy
About Trend Micro:
Trend Micro Incorporated (TSE: 4704), a global cloud security leader, creates a world safe for exchanging digital information with its Internet content security and threat management solutions for businesses and consumers. A pioneer in server security with over 20 years' experience, we deliver top-ranked client, server and cloud-based security that fits our customers' and partners' needs, stops new threats faster, and protects data in physical, virtualized and cloud environments. Powered by the Trend Micro™ Smart Protection Network™ cloud security infrastructure, our industry-leading cloud-computing security technology, products and services stop threats where they emerge, on the Internet, and are supported by 1,000+ threat intelligence experts around the globe.
Additional information about Trend Micro Incorporated and the products and services are available at Trend Micro.com This Trend Micro news release and other announcements are available at http://trendmicro.mediaroom.com/ and as part of an RSS feed at www.trendmicro.com/rss Or follow our news on Twitter at @TrendMicro.
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