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Trend Micro Reports Third Quarter Results

Trend Micro posted consolidated net sales of US $303 million
TOKYO, Nov. 8, 2012 /PRNewswire/ -- Trend Micro Incorporated (TSE: 4704; TYO 4704), the global leader in cloud security, announced earnings results for the third quarter 2012, ending September 30, 2012.

For the third quarter, Trend Micro posted consolidated net sales of 23,836 million Yen (or US $303 million, 78.62 JPY = 1USD). The company posted operating income of 6,108 million Yen (or US $77 million) and net income of 4,196 million Yen (or US $53 million) for the quarter.

"This was an important quarter for Trend Micro when it came to putting product strategy and development behind what we know about advanced persistent threats.

We bolstered our threat infrastructure - the Smart Protection Network - using big data analytics and new advanced capabilities to identify security threats across a broader range of data sources to stop threats faster than ever before.

On the consumer front, we leveraged our cloud leadership to broaden our strategy beyond internet security, not only introducing our flagship consumer product, Titanium 2013, but launching new mobile solutions that protect consumers in all aspects of their digital lives," said Eva Chen, CEO.

Based on information currently available to the company, consolidated net sales for the fourth quarter ending December 31, 2012 is expected to be 24,100 million Yen (or US $305 million, based on an exchange rate of 79 JPY = 1USD). Operating income and net income are expected to be 5,400 million Yen (or US $68 million) and 2,300 million Yen (or US $29 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.

Q3 2012 Business Highlights

In response to advanced persistent threats, Trend Micro announced the latest iteration of its cloud-based security infrastructure, the Smart Protection Network, incorporating advanced big data analytic capabilities that enable Trend Micro to identify new security threats across a broader range of data sources, delivering global threat intelligence that stops threats faster.

This fall, Trend Micro announced a broad consumer strategy that includes the