Feeds

Profits go west as Trend Micro expands from the east

Antivirus software specialist reduces sales forecast

  • alert
  • submit to reddit

3 Big data security analytics techniques

Trend Micro, the world's fourth largest provider of anti-virus software, has cut its sales forecast as it reported results that showed it making a loss after taking a number of one-off charges into account.

The Japanese firm said its operating profit for the calendar year up to June 30 was ¥3 billion ($24.3 million), up slightly from ¥2.97 billion ($24.0 million) in the same period last year.

However one off charges of ¥3 billion ($24.3 million) to deal with a change in the way accounts for sales and ¥2 billion ($16.8 million) connected with the canning of Trend's server software developer unit IP Trend, took the firm into the red. The firm posted a loss of ¥1.38 billion (11.2 million) compared to profits of ¥2.47 billion ($20 million) for the same period last year.

Trend's sales increased more than a third to ¥12.94 billion ($105 million) from ¥9.6 billion ($77.7 million), as it enjoyed success in expanding overseas, with particularly good results in Europe.

However Bloomberg reports the cost of this expansion, and a projected drop in demand for its antivirus software products, has forced Trend to reduce its full year forecast by 62 per cent.

According to the news agency, the firm now expects to record sales of ¥29 billion ($234 million) and profits of ¥1.8 billion ($14.6 million) for 2001, which compares to earlier projected sales of ¥30 billion ($243 million) and profits of ¥4.7 billion ($38 million). ®

External Links

Trend Micro's results

Related Stories

PC market slowdown hits Symantec
Virus plague fails to stem losses at Network Associates

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.