- Company records an increase of 18% in enterprise subscriptions, totaling more than 77 million corporate assets;
- Savings of more than US$ 40 million generate growth of 14% in operating margin;
- 19% increase in annual recurring subscription revenue (ARR) in Q4 exceeds US$ 784 million;
Trend Micro, a global leader in cybersecurity solutions, announced results for the fourth quarter and fiscal year 2023 ended December 31, reporting growth of 5% and 11%, respectively, in net sales compared to the same period of the previous year.
Enterprise customers who have experienced simplified security and reduced risk have contributed to 19% increase in annual recurring subscription revenue (ARR) in Q4, exceeding margin of US$ 784 million.
Praise from industry analysts for the Vision One platform's technological advancements helped drive a 18% increase in enterprise subscriptions, which already protect more than 77 million corporate assets from more than 500 thousand customers distributed in around 175 countries in the world.
“The scenario offers us significant opportunities to capture an expanding market. As the attack surface increases within organizations, the Trend Micro team is focused on customers, acting as a trusted advisor to the growing cyber risk, while maintaining operational efficiency,” said Trend Micro CEO and co-founder Eva Chen .
Trend Micro recorded, in the last quarter of 2023, consolidated net sales of US$ 439 million (147.84 JPY = 1USD) and operating profit of US$ 20 million. Based on information established for 2024, consolidated net sales are expected to reach the mark of US$ 1.84 billion (based on an exchange rate of 147 JPY = 1 USD). Operating profit and net profit are expected to be US$ 359 million and US$ 235 million, respectively.
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