Trend Micro reports 16% gains
Security software and services company, Trend Micro, has reported consolidated net sales of US$112.6 million, operating income of US$37.1 million and net income of US$21.2 million for the third quarter of 2003.
Trend Micro has reported consolidated net sales of US$112.6 million, operating income of US$37.1 million and net income of US$21.2 million for the third quarter of 2003. The security software and services vendor's figures for the quarter reflect gains of 16% in net sales compared with the same period last year and 9% sequential growth.
"We are pleased to report continued growth during Q3," says Steve Chang, chairman & CEO of Trend Micro. "Our core business is growing worldwide and the quality of our products and services has been recognised... during this quarter," he adds.
Trend's renewed focus on the enterprise sector appears to have paid dividends during 3Q03, as enterprise products represented 79% of net sales and consumer products represented just 21%. The channel has also played its part in the vendor's success, with Chang promising to invest yet more in the company's partners to drive revenue higher.
"As a company, Trend Micro remains highly committed to investing in its channels... to promote growth in future years," he says.
This investment should result in even more impressive revenues in Q4, according to Trend Micro. As such, the vendor is predicting consolidated net sales of US$116.4 million and operating income of US$39.1 million for the final quarter of the year.