Trend Micro Reports Solid Results for Q4 and Fiscal Year 2020
TOKYO, Feb. 17, 2021 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704;TSE: 4704), a global leader in cybersecurity solutions, today announced earnings results for the fourth quarter of fiscal year 2020, ending December 31, 2020.
In the fourth quarter of 2020, Trend Micro continued its steady growth path with a solid 7% growth in net sales at constant currency, for both the quarter and the full year. This growth confirms the steady positive development throughout the pandemic year of 2020 and reflects a continuous growth across all segments.
Accelerated digital transformation and increased work-from-home drove a greater need for Software-as-a-Service (SaaS) security solutions to protect cloud-based applications and infrastructure. The number of SaaS instances deployed grew at a very strong 66% year-over-year, reaching a total number of 32.3m. Overall, Trend Micro's SaaS customer base grew by 18%.
"2020 made a significant mark in the history books, impacting every aspect of our lives. Many businesses responded by increasing digital transformation to remain competitive and support remote workers. Cybercriminals also took advantage of the global situation, which made security efforts even more crucial for companies globally," said Eva Chen, co-founder and chief executive officer for Trend Micro. "To be an even stronger security partner, we are constantly transforming and speeding up innovation, responding to customers' needs by moving to a SaaS-first model and taking a platform approach. In 2021, we are set to enable customers to see more and respond faster to threats across their entire organization."
For this quarter, Trend Micro posted consolidated net sales of 47,031 million Yen (or US $450 million, 104.48 JPY = 1USD). The company posted operating income of 11,929 million Yen (or US $114 million) and net income attributable to owners of the parent of 7,923 million Yen (or US $75 million) for the quarter.
Based on information currently available to the company, consolidated net sales for the year ending December 31, 2021 is expected to be 183,400 million Yen (or US $1,746 million, based on an exchange rate of 105 JPY = 1 USD). Operating income and net income are expected to be 40,900 million Yen (or US $389 million) and 28,800million Yen (or US $274 million), respectively.
Key business updates in 2020:
In 2020, Trend Micro was recognized with multiple awards from industry analysts and partners.
Leadership and product innovation in cloud security:
Leadership in Extended Detection and Response:
Defending the IIoT Landscape:
Corporate initiatives to Strengthen the Digital World:
New patents filed:
Notice Regarding Forward-Looking Statements
About Trend Micro
SOURCE Trend Micro Incorporated