Trend Micro Reports Results for Q4 and Fiscal Year 2010
Tokyo, Japan – February 17, 2011 – Trend Micro Incorporated (TSE: 4704), a global leader in Internet content security, announced earnings results for the fourth quarter and consolidated revenue for fiscal year 2010, ending December 31, 2010.
For the fourth quarter, Trend Micro posted consolidated net sales of 24,218 million Yen (or US $292 million, 82.68JPY = 1USD). The company posted operating income of 6,298 million Yen (or US $76 million) and net income of 3,172 million Yen (or US $38 million) for the quarter.
For 2010, Trend Micro posted consolidated net sales of 95,391 million Yen (or US $1,085 million, 87.89JPY=1USD). The company also reported operating income of 23,752 million Yen (or US $270 million) and net income of 12,720 million Yen (or US $144 million).
“In 2011 we expect to expand our leadership and innovation in cloud computing, which is revolutionizing the way businesses and people consume, share and use digital information,” said Eva Chen, CEO. “Our recent acquisition of Mobile Armor will allow us to take data protection to a new level through encryption capabilities that secure data, no matter where it resides. Throughout the new year, we will review and renew our focus and passion for providing simple and effective products for our customers.”
Based on information currently available to the company, consolidated net sales for the first quarter ending March 31, 2011 is expected to be 23,500 million Yen (or US $293 million, based on an exchange rate of 80 JPY = 1USD). Operating income and net income are expected to be 5,900 million Yen (or US $73 million) and 3,300 million Yen (or US $41 million), respectively.
Growth rate figures are calculated from Japanese Yen results. Some discrepancy may therefore be noted in US Dollar comparisons owing to fluctuations in currency conversion rates.
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