Trend Micro Announces Record Fourth Quarter and Fiscal 2021 Results

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TOKYO, February 17, 2022 /PRNewswire/ — Trend Micro Incorporated (TYO:4704; TSE:4704), a global cybersecurity leader, today announced its fourth quarter and full year results for fiscal 2021, ending December 31, 2021.

The company recorded its highest annual net sales on record, with growth across all geographies, with net sales of 9% year-over-year in real currency.

Trend Micro beat forecasts for every metric for 2021, which is attributed to the company’s significant digital transformation, including its SaaS model, customer-centric development priorities, and cybersecurity platform unified.

2021 saw a 14% year-over-year increase in subscription customers, now totaling over 381,000, driven by new cloud opportunities and demand for extended detection and response (XDR).

Fourth quarter success added 49% growth in deployed instances protected by SaaS to more than 50 million, including protecting endpoints, servers, cloud workloads, email and more. Additionally, ARR per enterprise subscription increased by 30%, totaling more than $550 million.

“We are honored to be the trusted cybersecurity voice that organizations and governments rely on to assess their level of business risk from cyber threats,” said Eva Chen, co-founder and CEO of Trend Micro. “The modern attack surface is dynamic and riddled with unknowns, which makes our contextual guidance of pre-attacks so unique and valuable.”

The last quarter of 2021 saw double-digit growth as enterprise demand for SaaS-based security increased to meet the need for better and faster protection against disruptive business threats such as Log4J.

Based on the information currently available to the company, the consolidated net sales for the year ending December 31, 2022should be 208,900 million yen (or United States $1,899 million, 110 JPY = 1USD). The company posted an operating profit of 42,000 million yen (or United States $381 million) and net income attributable to owners of the parent company of 30,300 million yen (or United States $275 million) for the quarter.

Key business updates in 2021:

Business Industry Recognition:
Trend Micro has been recognized in many ways by analysts and industry partners.

  • Named “a leader” in The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021 report, and received the highest score in the current offering category in the latest such report by a major analyst firm.
  • As a global leader in cloud security, the company was again recognized as #1 for Workload Security Market Share by IDC, global cloud workload security market shares, 2020
  • Trend Micro Cloud One has been proven to deliver an ROI of up to 188% according to Forrester. Additionally, Trend Micro Vision One was found by ESG to provide customers with 63% cost savings.

Leadership in enterprise platform innovation:
Trend Micro has taken new steps on its cybersecurity platform.

  • The company scored 2.5 trillion secure cloud events daily and achieved market leadership in geographically dispersed data centers to meet regional data sovereignty requirements.
  • A commissioned survey found that more than half of all security operations centers globally are overrun with redundant security tools and too many alerts, driving vendor consolidation and outsourcing plans. XDR.
  • New features were introduced throughout the year to significantly reduce complexity and identify and communicate risk information to help make better security decisions.

Protecting the Industrial Internet of Things (IIoT) landscape:
Trend Micro continuously monitors environments for attack and threat vectors to inform, innovate, and protect businesses.

  • Hitachi and Fujitsu have agreed to develop security solutions for connected cars with Trend Micro.
  • The company has introduced new and improved protection for 5G private and isolated industrial control systems that addresses security and risk challenges uncovered by Trend Micro’s Zero Day initiative.

Global Threat Intelligence Expertise:
Trend Micro leveraged extensive global threat intelligence to illuminate its platform’s security capabilities and reinforce the importance of strong protection to reduce business risk.

  • Trend Micro Research’s annual forecast report has provided actionable insights for overworked security teams in the coming year.
  • New research has underscored the importance of securing enterprise credentials, as a thriving cybercriminal market for access-as-a-service fuels ransomware attacks.
  • Trend Micro’s Project 2030 report and video series offered a glimpse into the future where connectivity, data, and artificial intelligence will change the way humans live, work, and function as a society.

Educate the world on cybersecurity skills:
Trend Micro is committed to educating everyone – from the most sophisticated developers to the most vulnerable citizens – about the risks and realities of cyber threats.

  • Trend Micro has trained cyber talent to fight the latest threats through the company’s annual Capture the Flag competition.
  • Trend Micro launched a cyber academy to keep kids safe online as children’s screen time doubled during the pandemic.

New patents filed:
Trend Micro was awarded the following patents in Q4 2021:

Patent_No_

Date of issue

Title

11151276

10/19/2021

Systems and methods for notarizing data certificates using a bridge between a private blockchain and a public blockchain

11151250

10/19/2021

Assess files for cybersecurity threats using global and local file information

11157620

26/10/2021

Classification of executable files using a summary of a call graph model

11182481

23/11/2021

Assessing Files for Cyber ​​Threats Using a Machine Learning Model

11184191

23/11/2021

Network traffic inspection on accelerated platforms

11212245

28/12/2021

Detection of spoofed emails at the email gateway

Notice Regarding Forward-Looking Statements
Certain statements made in this press release are forward-looking statements. These forward-looking statements are based on management’s current assumptions and beliefs in light of currently available information, but involve known and unknown risks and uncertainties. Many important factors could cause actual results to differ materially from those expressed in the forward-looking statements. These factors include:

  • Difficulties dealing with new threats and other IT security issues
  • Timing of new product introductions and lack of market acceptance of new products
  • The level of continued demand and timing of sales of existing products
  • Rapid technological evolution within the security software industry
  • Changing customer needs for security software
  • Existing products and new product introductions by competitors and prices of such products
  • Lower prices of products and services
  • The effect of future acquisitions on our financial condition and results of operations
  • The effect of adverse economic trends in major markets
  • The effect of exchange rate fluctuations on our results of operations
  • An increase in the incidence of product returns
  • The potential lack of attractive investment objectives and difficulties in successfully executing our investment strategy
  • New and potentially unforeseen risks and liabilities associated with the Internet of Things, the use of artificial intelligence in our products and services, and other emerging technologies

About Trend Micro

Trend Micro, a global leader in cybersecurity, 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 terminals. As a leader in cloud and enterprise cybersecurity, the platform offers a powerful suite of advanced threat defense techniques optimized for environments such as AWS, Microsoft and Google, and central visibility for detection and response. better and faster. With 7,000 employees in 65 countries, Trend Micro enables businesses to simplify and secure their connected world. www.trendmicro.com.

SOURCE Trend Micro Incorporated

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