Trend Micro Incorporated, a global leader in cybersecurity solutions, today announced earnings results for the first quarter of fiscal year 2019, ending March 31, 2019.
In Q1 2019, Trend Micro grew net revenue of its enterprise business by 7 percent year-over-year at constant currency, fueled by strategic growth of its hybrid infrastructure protection business at 10 percent gross sales growth rate at constant currency. This further solidifies the company’s leading position in securing organizations across the globe.
“Our continual innovation and consistent growth in securing hybrid infrastructure environments aligns with the rapid adoption of cloud platforms and more agile development processes that we are seeing across organizations today,” said Eva Chen, chief executive officer for Trend Micro. “Not only are IT infrastructures shifting to the cloud, but networks are extending to encompass operational technology (OT). We are developing solutions and partnerships to capture the tremendous opportunity related to securing these critical, highly connected environments.”
For the first quarter, Trend Micro posted consolidated net sales of 39,472 million Yen (or US $357 million, 110.26 JPY = 1 USD). The company posted operating income of 9,308 million Yen (or US $84 million) and net income attributable to owners of the parent of 6,899 million Yen (or US $62 million) for the quarter.
The company will not revise expected consolidated results for the full fiscal year ending December 31, 2019 (released on February 14, 2019). Based on information currently available to the company, consolidated net sales for the year ending December 31, 2019 is expected to be 168,600 million Yen (or US $1,532 million, based on an exchange rate of 110 JPY = 1 USD). Operating income and net income are expected to be 38,000 million Yen (or US $345 million) and 28,700 million Yen (or US $260 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.