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Trend Micro Reports Second Quarter 2009 Results

Trend Micro posted consolidated net sales of 24,244 million Yen

Trend Micro Incorporated, a provider of Internet content security, announced earnings results for the second quarter 2009.

For the second quarter, Trend Micro posted consolidated net sales of 24,244 million Yen (or US $249 million, 97.22 JPY = 1USD). The company posted operating income of 7,229 million Yen (or US $74 million) and net income of 4,028 million Yen (or US $41 million) for the quarter. These figures reflect a 2 percent increase in net income compared to the same period a year ago.

The Japan region experienced flat consumer sales compared to the same period last year, and reduced enterprise sales. In North America, consumer sales increased even though appreciation of the yen against the dollar affected this region. EMEA sales revenues decreased slightly along with its local currency, in addition to the strength of the yen, total sales substantially decreased when compared to the same period last year. Though Australia demonstrated substantial growth in its local currency, the other APAC countries negatively affected the region's sales growth. In addition, due to appreciation of the yen against the dollar, the region's sales growth decreased. The Latin America region had a healthy local currency but the region's sales growth decreased by double digits compared to the same period last year due to appreciation of the yen against the dollar, which affected this region.

"Trend Micro turns innovation into real products that meet customer needs; I am proud of what we launched this quarter to deliver immediate protection, less complexity as well as strategic flexibility for our business customers," said Eva Chen, CEO. "We are excited about the recent strides we've made in cloud computing, virtualization, and data protection as well as advances in protecting more consumer platforms and devices."

Based on information currently available to the company, consolidated net sales for the third quarter ending September 30, 2009 is expected to be 25,000 million Yen (or US $263 million, based on an exchange rate of 95 JPY = 1USD). Operating income and net income are expected to be 7,400 million Yen (or US $77 million) and 4,600 million Yen (or US $48 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.

Second Quarter Business Highlights

  • Extending its promise of "ubiquitous security" for consumers, Trend Micro launched security for Netbooks, USB drives, Apple iPhone and iPod Touch, and Sony PlayStation(R) Portables. Trend Micro also introduced Smart Surfing for Mac, the company's first security product for Mac OS X.
  • In April Trend Micro introduced new endpoint security offerings, Trend Micro(TM) OfficeScan 10 and Trend Micro Endpoint Security Platform, that help enterprises secure their endpoints while at the same time simplify management issues associated with frequent signature file updates. Trend Micro also broadened its Endpoint Security Platform with a power management module from BigFix.
  • For the SMB market, Trend Micro announced a new version of Worry-Free(TM) Business Security that is now powered by the Trend Micro(TM) Smart Protection Network(TM).
  • A complete, channel-friendly portfolio of hosted endpoint, hosted email and hosted Web site security products for small and medium-sized businesses was launched in the spring.
  • Trend Micro announced the first Core Protection(TM) for active and dormant VMware virtual machines.
  • Trend Micro announced a new version of its data leak prevention product, LeakProof 5.0, which delivers immediate protection through new Active Update service and includes sophisticated, language-independent DataDNA(TM) fingerprinting technology.
  • Trend Micro was included in the Leader's Quadrant in the Gartner 2009 Magic Quadrant.
  • Trend Micro was selected as the exclusive content security solution at The Carphone Warehouse, Europe's leading independent retailer of mobile phones.
  • Eva Chen was invited by the Detroit Economic Club to speak at The National Summit about technology and innovation.

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