{"id":379643,"date":"2020-11-12T08:10:28","date_gmt":"2020-11-12T13:10:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379643"},"modified":"2020-11-12T08:10:28","modified_gmt":"2020-11-12T13:10:28","slug":"trend-micro-reports-continued-success-for-q3-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trend-micro-reports-continued-success-for-q3-2020\/","title":{"rendered":"Trend Micro Reports Continued Success for Q3 2020"},"content":{"rendered":"
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Despite continued global economic impact of COVID-19 third quarter remains on path with strong SaaS customer growth<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n TOKYO<\/span>, Nov. 12, 2020<\/span> \/PRNewswire\/ — Trend Micro Incorporated\u00a0(TYO: 4704<\/a>;TSE: 4704<\/a>), a global leader in cybersecurity solutions, today announced earnings results for the third quarter of fiscal year 2020, ending September 30, 2020<\/span>.<\/p>\n

The third quarter of 2020 further confirmed the steady increase in digital transformation efforts across consumer, small & medium business and enterprise segments, validating Trend Micro’s strategy and investment in cloud and hybrid cloud security and its focus\u00a0on delivering rapid innovation via Security-as-a-Service (SaaS).\u00a0Customers’ need\u00a0to secure cloud-based applications and infrastructure has resulted\u00a0in a 74% increase of SaaS-based deployed instances.\u00a0\u00a0<\/p>\n

“With the majority of enterprises accelerating their digital transformation to remain competitive in a fast-paced global economy, or shifting to remote work as a result of Covid-19, the attack areas for cybercriminals expand daily. More than ever companies are looking for trusted help with cloud security initiatives. Trend Micro has continued to showcase its dedication and innovation in cloud that began over a decade ago, and we’re pleased to see\u00a0rapid\u00a0adoption of our\u00a0new cloud security services platform amongst customers in both AWS and Azure environments,” said Eva Chen<\/span>, co-founder and chief executive officer for Trend Micro. “We also recognize the importance of gaining visibility across the extended enterprise that now includes the cloud, and enabling customers to detect and respond to threats faster than ever. With our latest XDR and Managed XDR offerings, we are harnessing the power of the cloud to deliver meaningful and actionable insights so that customers can act quickly and remain\u00a0resilient.”<\/p>\n

For this quarter, Trend Micro posted consolidated net sales of 43,217\u00a0million Yen (or US $406\u00a0million, 106.22\u00a0JPY = 1USD<\/span>). The company posted operating income of 7,488\u00a0million Yen (or US $70\u00a0million) and net income attributable to owners of the parent of 3,855\u00a0million Yen (or US $36\u00a0million) for the quarter.<\/p>\n

\n Key business updates in Q3<\/b>\n <\/p>\n

\n Clear leadership and product innovation in cloud security:<\/b>\n <\/p>\n

Trend Micro kicked-off the quarter announcing its Trend Micro Cloud One\u2122 \u2013 Conformity<\/b>\u00a0offering is now available to Azure<\/b>\u00a0customers, helping global organizations tackle misconfigurations, compliance challenges and cyber-risks in the cloud. The company also achieved the CIS Microsoft Azure Foundation Security Benchmark. Trend Micro Cloud One \u2013 Conformity identifies around 230 million cloud misconfigurations for its global Azure and AWS customers every single day.<\/p>\n

Trend Micro continues to enhance and improve its leading cloud solutions, unveiling enhanced agility and automation in cloud security through integrations with Amazon Web Services (AWS)<\/b>. As a result, Trend Micro delivers flexible and scalable all-in-one security that helps DevOps engineers securely build and innovate as they migrate to and build in the cloud.<\/p>\n

Trend Micro announced that its hybrid cloud security offerings have received the AWS Outposts Ready designation<\/b>, part of the Amazon Web Services (AWS) Service Ready Program<\/b>. This designation recognizes that Trend Micro has demonstrated successful integration with AWS Outposts deployments. Achieving the AWS Outposts Ready designation differentiates Trend Micro as an AWS Partner Network (APN) member with products fully tested on AWS Outposts.<\/p>\n

Expanding on a strategic relationship from last year, this quarter Trend Micro announced plans for a new, co-developed solution with Snyk<\/b>, the leader in developer-first open source security. The joint solution will help security teams manage the risk of open source vulnerabilities from the moment open source code is introduced without interrupting the software delivery process. It will be available as part of the Trend Micro Cloud One platform.<\/p>\n

In terms of its groundbreaking\u00a0research<\/b>, Trend Micro released “Commodified Cybercrime Infrastructure: Exploring the Underground Services Market for Cybercriminals<\/b>.” This research stated organizations’ on-premise and cloud-based servers are compromised, abused and rented out as part of a sophisticated criminal monetization lifecycle. <\/p>\n

\n Leader <\/b>
\n in <\/b>
\n Extended<\/b>
\n \u00a0Detection and Response:
<\/b>Trend Micro shared the significant business value driven by cloud-powered XDR and Managed XDR offerings<\/b>, which optimize threat detection and response across all critical vectors. Trend Micro’s XDR solution is both a SaaS-based offering as well as a managed service with the “X” referring to the most extensive sets of data from more protection points, which is critical to find hidden threats. Trend Micro was recently named a Leader in enterprise detection and response by Forrester and achieved the highest initial detection in\u00a0the MITRE ATT&CK\u00ae Framework.<\/p>\n

The availability of Worry-Free XDR<\/b>: a new version of its industry leading XDR platform designed to extend the power of correlated detection and response beyond the endpoint for smaller businesses, was also announced this quarter. This unmatched channel offering is available now as a standalone or managed solution tailored for small and medium businesses (SMBs). <\/p>\n

\n Corporate initiatives to boost organizations’ cybersecurity talent: <\/b>\n <\/p>\n

Trend Micro also announced its 6<\/b>th<\/sup><\/b>\u00a0annual Capture the Flag (CTF) Competition<\/b>, which provides hands on experience to nurture the talent of more cybersecurity professionals. The Trend Micro CTF 2020 \u2013 Raimund Genes Cup will be run as a fully online event for the first time, including virtual qualifying and final rounds. This year, the event will include challenges in reverse engineering, forensics\/exploitation, open source intelligence (OSINT), mobile, IoT, machine learning, and radio-frequency (RF) systems. RF is featured for the first time after a highly successful engagement with the cybersecurity community in separate Capture the Signal events over the past two years.<\/p>\n

Trend Micro announced a new initiative in its long-running effort to close the diversity and talent gap in the technology industry. The company has extended its partnership with Girls in Tech<\/b>, a global nonprofit bringing the world together through education and experiences. As part of this expanded partnership with Girls in Tech, Trend Micro developed a new Cybersecurity Fundamentals course for the non-profit. <\/p>\n

\n Executive and Enterprise Industry Recognition:
<\/b>This quarter Trend Micro was recognized with multiple awards<\/b>\u00a0for both its leadership team and its dedication to the vulnerability market. <\/p>\n