Trend Micro Reports Earnings Results for Q4 and FY2023 [Yahoo! Finance]
TREND MICRO INC S/ADR (TMICY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Increase of 19% in subscription annual recurring revenue exceeding US$784 million in Q4 Increase 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 t
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