Trend Micro Incorporated, a global leader in cybersecurity solutions, today announced earnings results for the first quarter 2018, ending March 31, 2018. For the first quarter, Trend Micro posted consolidated net sales of 37,993 million Yen (or US $351 million, 108.14 JPY = 1 USD). The company posted operating income of 9,303 million Yen (or US $86 million) and net income of 6,585 million Yen (or US $60 million) for the quarter.
As of now, 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 remain committed to responding rapidly to the evolving IT infrastructure and providing our customers a complete view into the threat landscape along with a layered security approach to protect against these threats,” said Eva Chen, chief executive officer for Trend Micro. “We are pleased that our newest solutions continue to receive industry recognition, but we know we must continually innovate in light of the increasingly connected world. Beyond securing endpoints, networks and the hybrid cloud, we anticipate a huge rise in the Internet of Things (IoT) and a convergence of information technology (IT) and operational technology (OT), driving new requirements for security. In addition to researching emerging threats in these areas, we are partnering with leading global device makers to best secure our customers now and in the future.”