Trend Micro Announces Q4 2002 Earnings

Trend Micro, a worldwide leader in network antivirus and Internet content security solutions, today announced Q4 2002 earnings – posting a group net profit of Y7.89 billion ($65.6 million) in 2002, more than three times the Y2.42 billion posted in 2001 (full press release follow). Additional highlights include:

• Group sales rose 37.2% to Y42.98 billion, also a record
• Consolidated net sales were Y11.76 billion (or US $100 million), a 9% gain compared with the same period a year ago and a 10% gain compared with the previous quarter
• Operating income of Y4.43 billion (or US $38million), a 13% gain compared with the same period a year ago and a 44% gain compared with the previous quarter
• The result beats the company’s own late October forecast for Y7.3 billion

The computer-security market is estimated to grow 11% annually over the next five years – from $9.8 billion in 2002 to $15 billion in 2006 – which will fuel a battle for market share among the top 3 anti-virus vendors – leading to an eventual shake-out. Coming out of its fifth consecutive year of record profits and sales, which was also marked by the successful launch of Trend Micro Enterprise Protection Strategy; the introduction of the industry’s only Virus Response Service Level Agreement; as well as the launch of PC-cillin 2003 for the consumer and small business user, Trend Micro continues to gain momentum in the anti-virus security space.

Press release with figures and further details can be read from PR NewsWire.