Trend Micro Reports Earnings Results for Q3 2024
Trend Micro reported strong Q3 2024 financial results with a 6% year-over-year growth in net sales, reaching 68,124 million Yen (US $456 million). The company achieved significant improvements with a 42% increase in operating income to 14,801 million Yen (US $99 million) and a 24% operating margin. Enterprise annual recurring revenue (ARR) grew 6% to US $1.26 Billion, driven by a 21% increase in next-gen SOC ARR. The company added over 780 new customers year-to-date, reaching 10k+ total customers, with a 37% platform attach rate this quarter.
Trend Micro ha riportato solidi risultati finanziari per il terzo trimestre del 2024, registrando una crescita del 6% rispetto all'anno precedente nelle vendite nette, che hanno raggiunto 68.124 milioni di Yen (US $456 milioni). L'azienda ha ottenuto miglioramenti significativi con un incremento del 42% del reddito operativo a 14.801 milioni di Yen (US $99 milioni) e un margine operativo del 24%. Il fatturato annuale ricorrente (ARR) per le imprese è aumentato del 6%, raggiungendo 1,26 miliardi di dollari USA, sostenuto da un incremento del 21% nell'ARR del SOC di nuova generazione. L'azienda ha acquisito oltre 780 nuovi clienti dall'inizio dell'anno, raggiungendo un totale di oltre 10.000 clienti, con un tasso di attacco alla piattaforma del 37% in questo trimestre.
Trend Micro reportó resultados financieros sólidos para el tercer trimestre de 2024, con un crecimiento del 6% interanual en ventas netas, alcanzando 68,124 millones de Yen (US $456 millones). La compañía logró mejoras significativas con un aumento del 42% en los ingresos operativos a 14,801 millones de Yen (US $99 millones) y un margen operativo del 24%. Los ingresos recurrentes anuales (ARR) de la empresa crecieron un 6% alcanzando los 1.26 mil millones de dólares, impulsados por un aumento del 21% en el ARR de la SOC de próxima generación. La empresa incorporó más de 780 nuevos clientes hasta la fecha, alcanzando más de 10,000 clientes en total, con una tasa de integración a la plataforma del 37% este trimestre.
트렌드 마이크로는 2024년 3분기 재무 결과에서 전년 대비 6% 성장을 기록하며 순매출이 68,124억 엔(미국 달러 4억 5,600만 달러)에 도달했다고 보고했습니다. 회사는 운영 소득이 42% 증가하여 14,801억 엔(미국 달러 9,900만 달러)에 이르고 운영 마진이 24%에 도달하는 등 상당한 개선을 이루었습니다. 기업 연간 반복 수익(ARR)은 6% 성장하여 12억 6천만 달러에 도달했으며, 차세대 SOC ARR의 21% 증가에 힘입었습니다. 이 회사는 올해 기준으로 780개 이상의 신규 고객을 추가하여 총 고객 수가 1만 명을 초과하였으며, 이번 분기에는 37%의 플랫폼 부착률을 기록했습니다.
Trend Micro a rapporté de solides résultats financiers pour le troisième trimestre 2024, avec une croissance de 6% par rapport à l'année précédente dans les ventes nettes, atteignant 68 124 millions de Yen (456 millions de dollars américains). L'entreprise a réalisé des améliorations significatives avec une augmentation de 42% du résultat d'exploitation à 14 801 millions de Yen (99 millions de dollars américains) et une marge opérationnelle de 24%. Les revenus annuels récurrents (ARR) des entreprises ont augmenté de 6% pour atteindre 1,26 milliard de dollars américains, soutenus par une hausse de 21% de l'ARR du SOC de nouvelle génération. L'entreprise a ajouté plus de 780 nouveaux clients depuis le début de l'année, atteignant un total de plus de 10 000 clients, avec un taux d'attachement à la plateforme de 37% ce trimestre.
Trend Micro berichtete über solide finanzielle Ergebnisse im dritten Quartal 2024 mit einem Wachstum von 6% im Jahresvergleich bei den Nettoumsätzen, die 68.124 Millionen Yen (US $456 Millionen) erreichten. Das Unternehmen erzielte erhebliche Verbesserungen mit einem Anstieg des Betriebsgewinns um 42% auf 14.801 Millionen Yen (US $99 Millionen) und einer Betriebsgewinnmarge von 24%. Der jährliche wiederkehrende Umsatz (ARR) für Unternehmen wuchs um 6% auf 1,26 Milliarden US-Dollar, angetrieben durch einen Anstieg von 21% beim ARR der Next-Gen SOC. Das Unternehmen gewann seit Jahresbeginn über 780 neue Kunden hinzu und erreichte insgesamt über 10.000 Kunden, mit einer Plattform-Attach-Rate von 37% in diesem Quartal.
- 42% increase in operating income to 14,801 million Yen
- 6% growth in net sales year-over-year
- 24% operating margin achievement
- 21% increase in next-gen SOC ARR
- 37% platform attach rate
- 780+ new customers added year-to-date
- None.
- Increase of
42% in operating income to drive24% operating margin* - Increase of
6% globally in net sales growth at actual currency - Increase of
6% total enterprise annual recurring revenue (ARR) to US$1.26 Billion
Industry tool consolidation and demand for AI-powered solutions with better security outcomes continued to dominant buying trends this quarter, increasing demand for the Trend platform with over 780 new customers year-to-date and 10k+ customers in total.
Trend's accelerated platform adoption was powered by better visibility, prioritization, and mitigation capabilities, resulting in a
"Cybersecurity has always been reactive because critical asset mapping of specific customer environments and dynamic attacker tactics make it hard to predict and prevent attacks in a proactive way," said Trend Micro CEO and co-founder Eva Chen. "But thanks to AI innovations, proactive cybersecurity is possible through risk management, opening us up for growth."
"We have exceeded goals on reducing operating expenses and are focused on our top line targets," said Trend Micro COO Kevin Simzer. "We will continue to manage operating expenses with vigor, while driving sustainable results from our platform advancements."
Margin growth continued as the company optimized operating expenses, realizing a
Trend will host its annual investor update at 10:00 a.m. (GMT+9) on Wednesday, November 20, 2024, as an online event format for invited industrial investors. More information will be found at: https://www.trendmicro.com/en_us/about/investor-relations/ir-day-event.html
For this quarter, Trend Micro posted consolidated net sales of 68,124 million Yen (or US
The company will not revise expected consolidated results for the full fiscal year ending December 31, 2024 (released on February 15, 2024). Based on information currently available to the company, consolidated net sales for the year ending December 31, 2024 are expected to be 271,000 million Yen (or US
Key business updates in Q3 2024
Innovative: Trend nurtures a culture of innovation to drive advancements across its cybersecurity platform.
- Extended its platform strategy to enhance AI security and protect sensitive data in high-performance computing environments along with Nvidia and GMI Cloud.
- Joined the Coalition for Secure AI (COSAI) alongside partners including Amazon, Google, NVIDIA, Microsoft, IBM and others.
- Enabled small businesses with the power of the Vision One platform in a format they can manage to maximize the potential of AI while maintaining business resilience by ensuring that any team can securely innovate without elevating risk.
Trusted: Trend is a trusted partner to the customers and communities that it serves.
- Revealed new research to measure and mitigate risk across their digital attack surface, and insights for organizations lacking sufficient resources and leadership buy-in.
- Published a series of tools uncovering security risks worldwide posed by rogue AI, providing the industry with guidance and best practices.
- Urged network defenders to gain greater visibility to attack surface risk, after releasing a study uncovering weak configurations that could lead to compromise.
Global: Trend has the most geographically diverse customers in the industry, with millions of sensors powering the Trend Vision One platform for superior attack surface risk management.
- Retained #1 ranking in IDC's Worldwide Cloud-Native Application Protection Platform Market Shares, 2023: A Bull Marketi report.
- Positioned for the 19th consecutive year in the Leader's Quadrant in the 2024 Gartner® Magic Quadrant™: Endpoint Protection Platforms (EPP)ii.
- Named a Leader in The Forrester Wave™: Attack Surface Management Solutions, Q3 2024.
Trend Micro was awarded the following patents in Q3 2024:
Patent No. | Issue Date | Title |
12032705 | 07/09/2024 | Detecting an Operational State of Antivirus Software |
12063244 | 08/13/2024 | Protecting computers from malicious distributed configuration profiles |
12074898 | 08/27/2024 | Adaptive actions for responding to security risks in computer networks |
*Excluding Q3 stock price increase impacts.
** Converted at Company Plan Rates, 1USD= 147 yen, 1EUR =157 yen. Non-GAAP and Reference for Internal management.
Notice Regarding Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements. Forward-looking statements are sometimes accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on our current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's AI-powered cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, Trend's platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.
i (doc # US52472324, September 2024).
ii Gartner, "Gartner® Magic Quadrant™: Endpoint Protection Platforms (EPP)," Evgeny Mirolyubov, Franz Stefan Hinner, Chris Silva, Deepak Mishra, Satarupa Patnaik, September 23, 2024.
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SOURCE Trend Micro Incorporated
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