Trend Micro Incorporated (ADR) ( (TMICY) ) has released its Q4 earnings. Here is a breakdown of the information Trend Micro Incorporated (ADR) presented to its investors.
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Trend Micro Incorporated, a cybersecurity company listed on the Tokyo Stock Exchange, specializes in developing and selling antivirus and security solutions for a range of devices and platforms globally.
Trend Micro’s earnings report for the fiscal year ending December 31, 2024, highlights a notable financial performance with significant increases in net sales and income metrics. The company’s revenue rose by 9.6%, while operating income surged by 47.6%, and net income attributable to the parent company soared by 220.2% compared to the previous year.
Key financial metrics reveal that Trend Micro achieved net sales of 272,638 million yen, operating income of 48,105 million yen, and a net income of 34,358 million yen for FY2024. The company’s performance was bolstered by strong demand for its AI-powered security solutions across different regions, although there was a notable decline in cloud security solution sales. The company also recorded a significant increase in comprehensive income by 32.1%.
Looking forward, Trend Micro anticipates continued sales growth across its core regions, forecasting a 5.9% increase in net sales for FY2025. The company aims to enhance profit margins while continuing to invest in innovative security solutions to address evolving cybersecurity threats globally.