Trend Micro Reports Earnings Results for Q3 2024 [Yahoo! Finance]
TREND MICRO INC S/ADR (TMICY)
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Source: Yahoo! Finance
Increase of 6% total enterprise annual recurring revenue (ARR) to US $1.26 Billion ** driven by double digit growth in next-gen security operations center (SOC) TOKYO Nov. 12, 2024 /PRNewswire/ -- Trend Micro Incorporated TYO: 4704 TSE: 4704 ), a global cybersecurity leader, today announced earnings results for the third quarter of fiscal year 2024, ending, September 30, 2024 , by reporting 6% year-over-year (YoY) growth. Industry tool consolidation and demand for AI-powered solutions with better security outcomes continued to dominant buying trends this quarter, increasing demand for the Trend platform with over 780 new customers year-to-date and 10k+ customers in total. Trend's accelerated platform adoption was powered by better visibility, prioritization, and mitigation capabilities, resulting in a 21% increase in next-gen SOC ARR. A 37% platform attach rate this quarter was achieved through diligent focus of platform adoption and module expansion across enterprise customers
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