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February 23, 2009

Trend Micro Q4 and year profit dips

Europe revenue fell 24%

By CBR Staff Writer

Anti-virus software developer Trend Micro has reported a 7% decline in net income to JPY 4.85bn ($50.53m) for the fourth quarter 2008, compared to JPY 5.22bn ($46.21m) in the year-ago quarter, on revenue down 8% at JPY 24.03bn ($250m).

Operating income fell 12% to JPY 7.33bn ($76.31m) compared to JPY 8.3bn ($73.38m) in the same period last year.

Geographically, Japan revenue grew 6% to JPY 9.98bn ($104m), while US revenue fell 2% to JPY 6.34bn ($66.04m). Europe revenue fell 24% to JPY 5.01bn ($52.2m), Asia Pacific revenue fell 27% to JPY 2.06bn ($21.44m), and Latin America revenue fell 28% to JPY 621m ($6.46m).

For fiscal 2008 the company reported an 18% decline in net income to JPY 19.24bn ($186m), on revenue up 2% at JPY 101.7bn ($985m).

Eva Chen, CEO at Trend Micro, said: In 2008, we made Trend Micro Smart Protection Network the industry standard for content security. This coming year, we will continue to further that vision by unveiling more Smart Protection Network-powered products, solutions and proof that our cloud-client architecture is the smartest way to deal with data-stealing malware. We want to challenge our prospects and customers to ‘Think Again’ about their security implementation, and understand how Trend Micro Smart Protection Network can help them combat the silent threats inside a corporate or home network.

For the first quarter 2009 the company expects revenue of approximately JPY 22.5bn ($250m), operating income of JPY 5.2bn ($57m), and net income of JPY 3.2bn ($35m).


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