Trend Micro posts sales of $258 mn, net income of $49 mn in Q1

Trend Micro
Trend Micro has posted sales of $258 million, operating income of $71 million and net income of $49 million in the first quarter of 2016.

Eva Chen, CEO of Trend Micro, said: “Trend Micro’s complete security portfolio now protects global companies across the network, data center, cloud and endpoints. We believe this is an unrivaled combination in the industry.”

Trend Micro expects consolidated net sales of $1,166 million and operating income of $229 million and net income of $157 million for the year ending December 31, 2016.

Trend Micro has acquired TippingPoint, a provider of next-generation intrusion prevention systems (IPS) and integrated network security solutions, from Hewlett Packard Enterprise (HPE).

According to IDC, Trend Micro has grown its revenue share in the global server security to 30.3 percent, outpacing both the market and competitors. The server security market size was over $800 million in 2014.

Business cloud users are estimated to grow from 50 million in 2013 to 695 million by 2022, making data security a top operational concern for organizations transitioning to the cloud. Trend Micro announced the expansion of its Cloud App Security solution to Box, Dropbox and Google Drive.

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