Japanese antivirus software company Trend Micro Inc. announced revenue expectations on Friday for its second quarter, which ended June 30. The company expects to earn 6.1 billion to 6.4 billion yen (US$48.5 million to $50.88 million) for the second quarter, showing growth of 14 percent to 20 percent over the same quarter last year.
With the release of earnings warnings from other antivirus and security companies, a lot of people have been asking about Trend Micro's earnings, prompting it to announce its expectations, the company said. Trend Micro will announce its second-quarter earnings on Aug. 3.
Symantec Corp. lowered its first-quarter earnings forecast in June to a range between $225 million and $235 million, down from $255 million to $263 million. On Tuesday, Check Point Software Technologies Ltd. lowered its revenue estimates to the $140 million to $142 million range, a bit below an analyst consensus estimate of $149.5 million as polled by Thomson Financial/First Call. Trend Micro's revenue figures now use generally accepted accounting practices for the U.S., a change the company made in January that affects the way sales revenue from customer support is recognized, deferring it over the period services are rendered, rather than accepting it immediately.
Under the old accounting policy, Trend Micro's revenue projection was 6.5 billion to 6.8 billion yen, an increase of 22 percent to 27 percent over the same period last year.