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Trend Micro EMEA Limited Records Three Fold Increase In Profits
Published Jan 4, 2011
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Trend Micro EMEA has announced it has continued to grow in both the scale of services delivered and geographical scope, according to its statutory accounts.The introduction of new, award winning products, acquisitions, and increases in headcount, have helped Trend Micro EMEA Limited drive a three fold increase in profits and realise a turnover of 157m. This represents a year on year increase of 109%.
Commenting on its success in EMEA, Anthony O'Mara, Senior Vice President, Trend Micro EMEA Limited said 'Trend Micro's EMEA operation continues to perform solidly in difficult trading conditions, and we are very impressed with the results it has achieved. In 2011, Trend Micro EMEA Limited will continue to play a key role in the overall group success of Trend Micro, working with its channel partners to drive and fulfil demand for our award winning solutions for consumers, SMEs, and enterprises.
Whilst the company's operating costs have increased in line with turnover, the group has been able to record a 500% increase in operating profit to €4.9m. Management of the company's investments has allowed the company to post a 300% improvement in profit before tax of €17.6m. The results leave the Trend Micro EMEA Limited's balance sheet in a very strong position at the end of 2009.
From a regional perspective, Trend Micro EMEA Limited continues to demonstrate its long term commitment to the Irish operations centre, through strategic investments in capital and people. This is illustrated in the increases in headcount in Ireland, and in branches and subsidiaries across EMEA.
Meanwhile, Trend Micro EMEA Limited's management will continue to make strategic investments in people to ensure increases in revenue and profit.
Further investments made in 2010 including the acquisition of Humyo in the UK assure a positive future for the Trend Micro group in Ireland and EMEA.
Posted by
VMD - [Virtual Marketing Department]
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