Trend Micro posts sales of $434 mn in Q3, revises outlook

Trend Micro, a cybersecurity leader, announced earnings results for the third quarter of fiscal year 2021, ending September 30, 2021.
Trend Micro cybersecurity solutionsTrend Micro posted net sales of 47,851 million Yen or US $434 million. The company posted operating income of 12,507 million Yen or US $113 million and net income of 9,166 million Yen or US $83 million for the quarter.

Trend Micro achieved 11 percent year-over-year sales growth across all major geographic regions as well as across enterprise and consumer segments.

The quarter’s success adds 59 percent growth in Software-as-a-Service (SaaS) deployed instances, including protection for endpoints, servers, cloud workloads, emails and more. Additionally, enterprise subscription-based annual recurring revenue (ARR) continued to increase by 32 percent, totaling more than $500 million.

Trend Micro recently revised the forecast of consolidated financial results for the fiscal year ending December 31, 2021.

The quarter was underscored by double-digit growth in North America as organizational demand for SaaS-based security continues to grow to match the need for better, faster protection against today’s threats.

Trend Micro achieved 17 percent increase in subscription-based customers, totaling more than 372,000 driven by the adoption of Trend Micro’s SaaS-based platform.

Eva Chen, co-founder and chief executive officer for Trend Micro, said: “We care about relieving the burden of security for our customers, ensuring constantly evolving protection is in place, so they can focus on growing and strengthening their businesses.”