TOKYO, Nov. 10, 2022 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704;TSE: 4704), a global cybersecurity leader, today announced earnings results for the third quarter of fiscal year 2022, ending September 30, 2022.
A transformation to SaaS and a holistic platform approach to security, including cloud and extended detection and response, continued to drive the company's success this quarter.
Enterprise subscription-based ARR increased by 29% year-over-year along with an 11% increase in subscription-based customers, now exceeding 411,000.
"This quarter brought success in key areas to our business, including the continued adoption of SaaS by the most geographically diverse customer base in the security industry," said Eva Chen, co-founder and chief executive officer for Trend Micro. "Our team of 7,000 employees is ruthlessly focused on securing those organizations, as well as our global society from increasingly sophisticated threats."
For this quarter, Trend Micro posted consolidated net sales of 56,798 million Yen (or US $410 million, 138.40 JPY = 1USD). The company posted operating income of 7,213 million Yen (or US $52 million) and net income attributable to owners of the parent of 13,530 million Yen (or US $97 million) for the quarter.
The company will not revise expected consolidated results for the full year ending December 31, 2022 (released on November 2, 2022).
Based on information currently available to the company, consolidated net sales for the year ending December 31, 2022, is expected to be 225,900 million Yen (or US $1,685 million, based on an exchange rate of 134 JPY = 1 USD). Operating income and net income are expected to be 37,000 million Yen (or US $276 million) and 31,900 million Yen (or US $238 million), respectively.
Key business updates in Q3 2022
Innovative: Trend Micro nurtures a culture of innovation to drive advancements across its cybersecurity platform.
Trusted: Trend Micro is a trusted partner to the customers and communities that we serve.
Global: Trend Micro has the most geographically dispersed customers in the industry with millions of sensors inform products and customer support.
New Patents Filed
Trend Micro was awarded the following patents in Q3 2022:
Detecting Malware by Pooled Analysis of Sample Files in a Sandbox
Detecting Unsecure Data Flow in Automation Task Programs
Automatic Charset and Language Detection with Machine Learning
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:
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.
SOURCE Trend Micro Incorporated