Trend Micro Earnings Reflect Hot Security Market

The security vendor reported sales for the second fiscal quarter 2004 of $136 million, a 30 percent increase compared with the same quarter a year ago. Operating income for second-quarter 2004 hit $57 million, an increase of 119 percent year-over-year. And the period's net income increased to $35 million, a 144 percent jump from a year prior.

Broken down by segment, Trend Micro's sales of enterprise products for second-quarter 2004 grew 36 percent year-over-year, while sales of consumer products grew 60 percent year-over-year.

The impressive gains were the result of "hitting on all cylinders," said Lane Bess, president of the company's North America operations, Cupertino, Calif.

"This is a record quarter and--for the record--this is actually the second record quarter in a row," Bess said, confident that the company can continue the trend.

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"At this rate, we still see that our growth will continue on in strong double digits in excess of 25 percent in the next quarter," he said.

Trend Micro's record earnings for the second quarter 2004 follow similarly impressive earnings announcements from security rivals Symantec , Computer Associates International and McAfee.

Trend Micro, based in Japan, issued the U.S. dollar results of second-quarter 2004 based on an exchange rate of $109 Japanese Yen to $1 U.S as of June 30, 2004.