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Trend Micro CEO Hopes for Sales to Grow 10% Annually

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Trend Micro Shares Advance After Report of Takeover
Trend Micro Chief Executive Officer Eva Chen at the National Summit in Detroit. Photographer: Andrew Harrer/Bloomberg

(Corrects headline and first paragraph of article published March 25 to show that CEO is giving a personal goal.)

March 25 (Bloomberg) -- Trend Micro Inc. Chief Executive Officer Eva Chen said she hopes for the security-software maker’s revenue to increase by at least 10 percent over the longer term a year as demand grows from an expanding cloud computing.

Business demand will grow as protection against data manipulation and viruses becomes crucial in cloud computing, Chen said in an interview in Tokyo yesterday. Cloud computing is a network where files are stored or processes are conducted remotely rather than on a personal computer. Trend Micro reported full-year revenue of 95.4 billion yen ($1.18 billion) last year and net income was 12.7 billion yen. The company has not disclosed its earnings outlook for this year.

“It’s not enough to place a security system at the doorstep,” said Chen. “Each individual and server that connects to the data center needs to implement security.” Chen expects more security demand from users of smart phones and tablet computers.

The global server security business has an estimated market worth $30.1 billion, according to Trend Micro. The company has the highest market share at 23 percent, according to research company IDC Japan.

To contact the reporter on this story: Hideki Sagiike in Tokyo at hsagiike@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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