Trend Micro, a cybersecurity leader, announced earnings results for the third quarter of fiscal year 2021, ending September 30, 2021.
Trend 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.”