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Trend Micro Reports Earnings Results for Q4 and FY2023

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Increase of 11% globally in net sales, at actual currency in 2023Realized US$40+ million in savings to drive 14% operating margin in 2023Increase of 19% in subscription annual recurring revenue exceeding US$784 million in Q4Increase of 18% protected enterprise assets, now totaling over 77+ million in Q4

TOKYO, Feb. 15, 2024 /PRNewswire/ — Trend Micro Incorporated (TYO: 4704;TSE: 4704), a global cybersecurity leader, today announced earnings results for the fourth quarter and fiscal year 2023, ending December 31, 2023, by reporting 5% and 11% respectively for year-over-year (YoY) net sales growth at actual currency.  

As a part of its commitment to driving growth in both the top and bottom line, the company realized $US40+ million in savings and delivered 14% operating margin* in 2023. A restructuring charge in the fourth quarter, including operational expense efficiencies from supply chain optimization, data center and office space adjustments, and a 2% headcount reduction, sets the stage for increased performance in 2024.

Enterprise customers experiencing simplified security and reduced risk outcomes led to the 19% increase in subscription annual recurring revenue (ARR) for the fourth quarter, now exceeding US $784 million.

Recent accolades from industry analysts for platform technology advancements contributed to driving an 18% year-over-year increase in protected instances, with Trend’s cybersecurity platform now protecting over 77 million enterprise assets across 500,000+ global customers in 175+ countries.

Signals of ongoing demand for its generative-AI driven platform, Trend Vision One™, were seen in attach rate now at 34% of customers and +64% YoY increase in sales to support security operations centers (SOC).

“In the face of predicting and preventing risks across the expanding attack surface of every organization, Trend Micro team members are focused on our customers as a trusted cyber risk advisor and on demonstrating operational efficiency to our investors,” said Trend Micro CEO and co-founder Eva Chen

The company completed a powerful combination of special dividends and an increase in share buybacks as a part of its corporate transformation to optimize its balance sheet and cash levels.

For this quarter, Trend Micro posted consolidated net sales of US$439 million (147.84 JPY =1USD). The company posted operating income of US$20 million.

Based on information currently available to the company, consolidated net sales for the year ending December 31, 2024, is expected to be US$1,843 million (based on an exchange rate of 147 JPY = 1 USD.)  Operating income and net income are expected to be US$359 million and US$235 million, respectively. 

Key business updates in Q4 2023

Trusted: Trend is a trusted partner to the customers and communities that it serves.

Recognized as Customer’s Choicei and a Magic Quadrantii leader for the 18th consecutive year by Gartner, reflecting the value being delivered by its platformAchieved market share leadership noted by IDC for the 5th consecutive year iii for the company’s single cybersecurity platformSecured leadership placement recognition in multiple Forrester Wave evaluationsiv for the innovative capabilities of its platform

Global: Trend has the most geographically diverse customer base in the industry, with millions of sensors powering the Trend Vision One platform for superior attack surface risk management.

Achieved FedRAMP authorization, a gold standard in global compliance, across Trend’s cybersecurity platformLaunched revised worldwide partner program to accelerate business growth for partners through exceptional value to end customers with advanced managed servicesHeld company-wide employee AI contest, co-sponsored by Microsoft, to advance culture of innovation and AI for business efficiency

Innovative: Trend nurtures a culture of innovation to drive advancements across its cybersecurity platform.

Expanded marketplace channels support by introducing its platform listings on the Azure Marketplace and Google Cloud Platform MarketplaceReleased industry’s first AI cybersecurity assistant within the platform to address needs of SOC teams by reducing complexity and accelerating security operationsLaunched the first integration of cloud risk management and extended detection and response across an entire attack surface to eliminate threats and prevent breaches

New Patents Filed

Trend Micro was awarded the following patents in Q4 2023:

Patent No.

Issue Date

Title

11841970

December 12, 2023

Systems and methods for preventing information leakage

11841918

December 12, 2023

Methods and arrangement for preventing spam comments without application specific changes

11822655

November 21, 2023

False alarm reduction by novelty detection

11818580

November 14, 2023

Detecting unauthorized access points in a network

11804961

October 31, 2023

Secure video content transmission over a computer network

11805139

October 31, 2023

Multiclass classification system with accumulator-based arbitration

*Actual currency, operating margin excludes restructuring costs

Notice Regarding Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements. Forward-looking statements are sometimes accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on our current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.

i 2023 Gartner Voice of the Customer for Endpoint Protection Platforms
ii Gartner, Magic Quadrant for Endpoint Protection Platforms, Peter Firstbrook, Chris Silva31 December 2022
iii IDC Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape (doc #US50197823, May 2023).
iv The Forrester Wave™: Endpoint Security, Q4 2023; The Forrester Wave™: Network Analysis And Visibility, Q2 2023

 

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SOURCE Trend Micro Incorporated

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Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /CNW/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

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SOURCE Huawei

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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