[November 08, 2018] |
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Trend Micro Reports Third Quarter 2018 Results
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 (News - Alert) 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:
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Trend Micro Research introduced a new program to help IoT device
makers tackle security risks at the source. As part of the program,
Trend Micro's Zero-Day Initiative invites device manufacturers to work
with ZDI on developing a vulnerability handling process as well as
providing them immediate access to relevant and extensive IoT research.
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A recent survey on IoT security preparedness within organizations
around the globe showed that organizations are often not aware of
security risks involved when deploying IoT devices or connecting
legacy operational technology systems to the internet. In addition,
responsibility and ownership for security is often not defined within
organizations.
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A new partnership was announced with Moxa Inc., a leader in industrial
communication and networking, as part of its Technology Alliance
Partner Program to jointly develop state-of-the-art solutions to
protect Industrial Internet of Things (IIoT) environments like smart
manufacturing and smart energy.
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Details were announced on Trend Micro's Fall 2018 security research
competition, Pwn2Own Tokyo, run by ZDI. This year's contest is
expanding to include IoT devices in a reflection of the growing
'Internet of Threats' facing businesses and consumers.
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.
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The fourth annual Capture the Flag (CTF) competition was kicked off,
which invites teams from around the world to demonstrate their skills
and challenge their knowledge in today's most critical areas of
cybersecurity protection. The Trend Micro CTF 2018 - Raimund Genes Cup
is one of several ways the company works to motivate and train talent
to support the critical industry need of skills development.
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Trend Micro and HITRUST®, a leading security and
privacy standards development, accreditation and information risk
management organization, announced a partnership to launch Cysiv, a
new company which provides advanced cyber risk management as a service
to select U.S. enterprises that need to better defend themselves from
cyberattacks. Cysiv security and threat experts augment in-house
security teams by providing a set of advanced managed security
services, including continuous monitoring from its cloud-based
security operations center (SOC), and skillful management of solutions
for hybrid cloud security, user protection, network IPS, advanced
threat detection, and deception.
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Organization of American States (OAS) and Trend Micro organized the OAS
Cyberwomen Challenge, a Capture the Flag event series
taking place across 11 countries in the Americas. The events are
focused on developing cybersecurity skills in women who are new to the
field or want to expand their skillset and has so far attracted 410
women in seven countries. Additional events are planned for the fourth
quarter of 2018.
Patents
Trend Micro was awarded the following patents in Q3 2018:
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Patent No.
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Issue Date
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Title
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628941
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07/01/2018
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Phishing detection by login page census
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10027702
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07/17/2018
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Identification of malicious shortened uniform resource locators
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10057198
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08/21/2018
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Controlling social network usage in enterprise environments
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10057279
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08/21/2018
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System and method for protecting computer against remote malware
download
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10061921
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08/28/2018
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Methods and systems for detecting computer security threats
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10078750
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09/18/2018
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Methods and systems for finding compromised social networking
accounts
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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:
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Difficulties in addressing new threats and other computer security
problems
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Timing of new product introductions and lack of market acceptance for
new products
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The level of continuing demand for, and timing of sales of, existing
products
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Rapid technological change within the security software industry
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Changes in customer needs for security software
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Existing products and new product introductions by competitors and
pricing of those products
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Declining prices for products and services
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The effect of future acquisitions on our financial condition and
results of operations
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The effect of adverse economic trends on principal markets
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The effect of foreign exchange fluctuations on our results of
operations
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An increase in the incidence of product returns
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The potential lack of attractive investment targets and
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Difficulties in successfully executing our investment strategy
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New and potentially unforeseen risks and liabilities associated with
the internet of things, the use of artificial intelligence in our
products and services, and other emerging technologies
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005107/en/
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