Trend Micro reports positive growth in Q2 2022 despite economic headwinds

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  • Currency-neutral net sales growth increased 17% across all regions and product segments
  • Increased companies’ Annual Recurring Revenue (ARR) by 32%, overall more than in the US $609 million

TOKYO, August 9, 2022 /PRNewswire/ — Trend Micro Incorporated (TYO: 4704;TSE: 4704), a global leader in cybersecurity, today announced results for the second quarter of its ended fiscal year 2022 June 30, 2022.

Trend Micro builds on an exceptional Q1 2022 and reports Q2 2022 currency-neutral growth of 17% YoY.

Growth across all geographies and product segments, particularly enterprise, was driven by success in Extended Detection and Response and Cloud Security. Subscription-based enterprise ARR grew 32% year over year, along with a 13% increase in subscription-based customers to now total more than 404,000. The company continues to diversify its customer portfolio and market offerings, increasing profitability and industry leadership.

Eva ChenCo-Founder and Chief Executive Officer of Trend Micro, shared: “Enterprises need transparency, ease of use and a strong SaaS-based platform from their security partner. Our unified platform differentiates us by enabling organizations to understand and mitigate their cybersecurity risks no matter where they are – physical and digital. We are distinguished by holistic detection and response, managed services, and a focus on harnessing the power of the cloud. I am proud that Trend Micro continues to be an innovative security leader that meets the most stringent and ever-evolving cybersecurity requirements of our customers. “

For the quarter, Trend Micro reported consolidated net sales of 54,874 million yen (or US $423 million, ¥129.67 = $1). The company achieved an operating profit of 7,542 million yen (or U.S $58 million) and net income attributable to owners of the parent company 6,430 million yen (or U.S $49 million) for the quarter.

With immediate effect, the company will revise its consolidated earnings forecast for the end of the entire financial year December 31, 2022 (published on February 17, 2022) taking into account the high volatility of exchange rates. This revision is only in relation to foreign currency exchange rates and there is no material change in assumption from the previously published forecast.

Based on information currently available to the company, consolidated net sales for the year end December 31, 2022 is expected 225,900 million yen (or U.S $1,685 millionbased on an exchange rate of ¥134 = $1). Operating income and net income are expected 42,000 million yen (or U.S $313 million) and 30,300 million yen (or U.S $226 million), respectively.

Key business updates in Q2 2022

Innovative: Trend Micro fosters a culture of innovation to drive advancements in its cybersecurity platform.

  • Introducing a unified cybersecurity platform, Trend Micro One, with a full ecosystem of native and third-party integrations that provide visibility and control across the entire attack surface.
  • Hosted a world-class hacking by the world’s largest vendor-independent bug bounty program, the ZDI, resulting in increased security for a collective of 1 billion end users.
  • Spin-off of an eVehicle cybersecurity company called VicOne, founded internally on threat research expertise and breakthrough innovations.
  • Designated by Forrester as a Leader in Endpoint Detection and Response (EDR).

trustworthy: Trend Micro is a trusted partner to the customers and communities we serve.

  • Formalized a business unit for the specific needs of US federal agencies led by a team of US government experts and informed by specialized threat intelligence after decades of serving global governments.
  • Blocked 33.6 million cloud-based email threats in 2021, a 101% increase year-on-year as email remains the top attack vector.
  • According to the global Cyber ​​Risk Index (CRI) for the second half of 2021, more than 75% of global companies expect to be breached this year.

Global: Trend Micro has the most geographically dispersed customers in the industry, these millions of sensors inform products and customer support.

  • Improved security and privacy features have been found to be the top motivations for private 5G wireless network projects, according to a new survey with 451 Research.
  • It found that organizations worldwide are concerned that their digital attack surface is left unprotected and spiraling out of control due to lack of visibility and control.
  • New research has quantified the millions of dollars in losses caused by cyberattacks on industrial environments.

New patents pending

Trend Micro received the following patents in Q2 2022:

Patent No

issue date

title

11308403

04/19/2022

Automatic identification of critical network resources from a

Private Computer Network

11349926

05/31/2022

Protected smart contracts to manage the Internet of Things

Devices

11354433

06/07/2022

Dynamic taint tracking on mobile

11316894

04/26/2022

System and method for detecting email leaks

addresses

11323476

05/03/2022

Credential phishing prevention based on login

behavior analysis

11354409

06/07/2022

Malware detection through location-based hashing of the API

call sequences

11329936

05/10/2022

Visual representation of sender domain information and

Email Routing

11356853

06/07/2022

Detection of malicious mobile apps

11310142

04/19/2022

Systems and methods for detecting network attacks

11310285

04/19/2022

Adaptive network security policies

11296868

05/04/2022

Methods and devices to combat cyber threats

Using a related object sequence hash

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press 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 projected in the forward-looking statements. These factors include:

Difficulty dealing with new threats and other computer security issues

  • Timing of new product launches and lack of market acceptance for new products
  • The level of continued demand for and timing of sales of existing products
  • Rapid technological change in the security software industry
  • Changing customer requirements for security software
  • Existing products and new product launches by competitors and pricing of those products
  • Falling prices for products and services
  • The effect of future acquisitions on our financial condition and results of operations
  • The impact of unfavorable economic trends on major markets
  • The impact of exchange rate fluctuations on our operating results
  • An increase in the incidence of product returns
  • The potential lack of attractive investment objectives and difficulties in successfully executing our investment strategy
  • New and potentially unforeseen risks and liabilities related to the Internet of Things, the use of artificial intelligence in our products and services, and other emerging technologies

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world a safer place to share digital information. Backed by decades of security expertise, global threat research, and continuous innovation, the Trend Micro 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 offers a powerful suite of advanced threat prevention techniques optimized for environments such as AWS, Microsoft and Google, as well as centralized visibility for better and faster detection and response. With 7,000 employees in 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.

SOURCE Trend Micro Incorporated

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