Trend Micro has announced earnings results for the fourth quarter of fiscal year 2022, ending December 31, 2022.
The company delivered year-over-year (YoY) net sales growth of 21% for the fourth quarter and 18% for the fiscal year both at actual currency.
This was catalysed by the significant enhancement of its SaaS-first model, customer-first development priorities and unified enterprise security platform.
Enterprise subscription-based ARR increased by 29% year-over-year along with subscription-based customers, now exceeding 424,000 organisations, which is an increase of 12% YoY.
Leading drivers of the accelerated growth for Trend Micro included organisations’ need to consolidate tools into a single security platform, data sovereignty driving geographic expansion and increased dependance on cloud.
Ashley Watkins, Vice President ANZ at Trend Micro: “It is a season of challenge and tough decisions for many organisations. We attribute our profitable growth and resiliency to the implementation of a sustainable superior business model. Focusing our resources on innovating to better protect our customers while consolidating their vendor list results in greater value for all stakeholders and advances the industry.”
For this quarter, Trend Micro posted consolidated net sales of US $436 million. The company posted operating income of US $38 million and net income attributable to owners of the parent of US $9 million for the quarter.
Based on information currently available to the company, consolidated net sales for the year ending December 31, 2023 is expected to be US $1,840 million (based on an exchange rate of 135 JPY = 1 USD).
Operating income and net income are expected to be US $185 million, respectively.
The quarterly reporting for this period includes a provision for one-time impairment charges associated with certain investments held through Trend Forward Capital, for which there is an inadequate basis for present valuation.
