Net income up 5% on year-ago quarter
Anti-virus software developer Trend Micro has reported a 5% increase in net income to JPY 4.82 billion ($51m) for the first quarter 2009, compared to JPY 4.59 billion ($44m) in the year-ago quarter, on revenue down 11% at JPY 23 billion ($244m).
Operating income fell 16% to JPY 7.02 billion ($75m) compared to JPY 8.33 billion ($80m) in the same period last year.
Geographically, Japan revenue was flat at JPY 9.8 billion ($104.3m), while US revenue fell 4% to JPY 5.9 billion ($63.5m). Europe revenue fell 23% to JPY 4.74 billion ($50.62m), Asia Pacific revenue fell 31% to JPY 1.8 billion ($19.63m), and Latin America revenue fell 20% to JPY 585m ($6.23m).
Eva Chen, chief executive at Trend Micro, said: We made some important strategic alliances this quarter that further our ability to bring to market innovative products and solutions. The combination of the BigFix Platform with our endpoint security positions us not only to capture market share from our biggest competitors, but to set a new standard for endpoint protection. We also teamed with Cisco to deliver the Home Network Defender, one of the first internet software security and parental controls solution. Our recent acquisition of Third Brigade is another example.
During the quarter the company also established three technology support labs for its channel partners in India to provide a real-time simulated environment to enable partners and customers to try and test various products.
Looking ahead to the second quarter the company expects revenue of JPY 23.8 billion ($253m), operating income of JPY 7.2 billion ($75m), and net income of JPY 4.6 billion ($48m).