Trend Micro Reports Third Quarter 2016 Results

Trend Micro Incorporated ( TYO: 4704), a global leader in security software and solutions, today announced earnings results for the third quarter 2016, ending September 30, 2016. For the third quarter, Trend Micro posted consolidated net sales of 31,324 million Yen (or US $306 million, 102.35 JPY = 1USD). The company posted operating income of 8,624 million Yen (or US $84 million) and net income of 5,100 million Yen (or US $49 million) for the quarter.

"Trend Micro's commitment to help digital users protect themselves against advanced security threats takes shape in our collaborations with our customers, law enforcement and business partners," said Eva Chen, CEO, Trend Micro. "This quarter, we delivered on that pledge by developing additional ransomware protection tools, such as a free phone hotline and an online ransomware resource center; we aided INTERPOL in arresting the culprit behind an international criminal network, and we expanded our enterprise products' integration through strong new business partnerships."

As of now, the company will not revise expected consolidated results for the full fiscal year ending December 31, 2016 (released on February 18, 2016). Based on information currently available to the company, consolidated net sales for the year ending December 31, 2016 is expected to be 138,800 million Yen (or US $1,166 million, based on premise of an exchange rate of 119 JPY = 1 USD). Operating income and net income are expected to be 27,300 million Yen (or US $229 million) and 18,700 million Yen (or US $157 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.

Q3 2016 Business Highlights

Consumers worried about the extremely disruptive online threat called "ransomware" have a serious ally in Trend Micro. To help U.S. consumers - whether they are Trend Micro customers or not - the company has set up a free hotline and ransomware resource center to provide education on what ransomware is and advice on how best to protect themselves against it or respond to an attack.

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