Tokyo, Japan, August 10, 2000-Trend Micro Incorporated (Nasdaq:TMIC, Japan OTC:4704), a leading provider of enterprise antivirus and content security software, today announced sales of 9,600 million yen during the first half of 2000, a 70.5% increase over the 5,631 million yen reported for the corresponding period of 1999. Net income climbed to 2,474 million yen, an increase of 160.7% from sales of 949 million yen in the first half of 1999.
The strong gains were driven by an ongoing surge in the sales of high-end Internet-related products, and also reflected income from Nippon Unisoft which was acquired by Trend Micro in February, 2000. Excluding income from Nippon Unisoft, sales climbed 59% to 8,974 million in the first half of 2000. Net income soared 160.7% to 2,474 million yen. The increase also includes extraordinary income associated with a license fee received in connection with the settlement of a patent dispute.
|(in millions, except share data)||Half Year||Change|
|1H FY 00||1H FY 99|
|Earnings per share||¥38,06||¥45,19|
The company reported significant growth in all major markets, as sales of its Internet gateway and email antivirus products remained robust. Europe led all regions with a 182% increase in revenues to 1,870 million yen. Sales in the United States jumped 90% from a year ago to reach 2,778 million yen. Japan remained the largest market, with revenue rising to 3,655 million yen, a 43% rise from 1999. Sales in Taiwan climbed 21% to 832 million yen in the first half of 2000, while sales in other markets rose 82% to 463million.
Enterprise revenue accounted for 90% of Trend Micro's revenue mix. Sales of Trend Micro's flagship InterScanr VirusWallr product were up 120%, signaling that it is fast becoming one of the industry's leading gateway virus protection products.
"We experienced another record first half," said Steve Chang, chairman and CEO of Trend Micro. "Our enterprise customer base continues to grow very strongly, which clearly shows the competitive advantage offered by our best-of-breed technology. I am especially pleased with our team's ability to keep delivering superior products to the market. We are successfully executing our Internet strategy -- providing software and services that work as part of the Internet's infrastructure."
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. The forward-looking statements involve risks and uncertainties including, but not limited to, the effectiveness of Trend Micro's products in protecting against computer viruses, rapid technological change in the antivirus software market, the lack of market acceptance for new products, the ability of Trend Micro to deliver its products in a timely manner and to execute its Internet strategy, and other risks indicated in the Risk Factors section of Trend Micro's annual report on Form 20-F dated May 24, 2000. The annual report is on file with the SEC. Actual results could differ materially. Trend Micro assumes no obligation to update this information.
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.
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