Renowned cybersecurity leader, Trend Micro, has announced its robust performance for the second quarter of fiscal year 2023, underscoring its steadfast commitment to safeguarding the digital realm. The quarter, which concluded on June 30, 2023, witnessed Trend Micro achieve remarkable milestones, solidifying its position as a global cybersecurity powerhouse.
Notably, the company reported sales totaling an impressive $442 million, reflecting an impressive 11 percent increase. This outstanding growth is further underscored by the company’s operating income of $62 million and net income of $39 million for the same period.
With an unwavering dedication to fortifying digital landscapes, Trend Micro serves as the backbone of security for over 500,000 enterprise organizations and more than 17 million consumer customers across a sprawling footprint spanning over 175 countries. This expansive reach is a testament to the company’s unparalleled commitment to safeguarding both corporate and individual digital assets.
Trend Micro’s steadfast dedication to nurturing its cybersecurity platform has empowered it to defend an astounding 71 million enterprise assets — a monumental achievement marked by an impressive 22 percent year-over-year growth rate. The company’s cutting-edge artificial intelligence engine, fueled by its comprehensive threat visibility, remains a cornerstone of its achievements.
The company’s strategic evolution towards a platform-centric approach and the widespread adoption of Software-as-a-Service (SaaS) have played a pivotal role in shaping its successes. Notably, the enterprise customer segment has emerged as a dominant force, constituting an impressive 76 percent of Trend Micro’s overall business gross sales for the first half of 2023. This surge is driven by an 8 percent increase in subscription customers on a global scale and an extraordinary 23 percent year-over-year increase in enterprise Annual Recurring Revenue (ARR), which has now surpassed an impressive $722 million.
Eva Chen, Trend Micro’s CEO and co-founder, highlighted the company’s pivotal role in addressing the evolving cybersecurity landscape: “While organizations worldwide battle decreasing resources and consistent cyberthreats, we are focused on meeting one of their biggest cybersecurity needs: risk visibility. Innovations in generative AI and our cybersecurity platform are allowing organizations to simplify their security and reduce risk, which we now see happening more frequently.”
With an eye on the horizon, Trend Micro remains steadfast in its commitment to excellence. The company maintains its projections for the full fiscal year ending on December 31, 2023, with anticipated sales of $1,840 million, coupled with operating income poised to reach $257 million and net income projected at an impressive $185 million.
As Trend Micro continues to drive innovation, protect assets, and provide unparalleled risk visibility, it reinforces its status as an indomitable force within the ever-evolving realm of global cybersecurity.
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