August 9, 2007 / 10:22 AM / 12 years ago

Trend Micro H1 profit up 32 pct on U.S. sales

TOKYO, Aug 9 (Reuters) - Computer security software maker Trend Micro Inc. (4704.T) posted a 32 percent rise in half-year operating profit on Thursday as sales grew in the United States, and it forecast continued growth ahead.

Tokyo-based Trend Micro, which competes with McAfee Inc. MFE.N and Symantec Corp. (SYMC.O), received a boost from demand for anti-virus software upgrades among both individual and small businesses.

It forecast net profit to rise 13 percent from the previous year to 5.45 billion yen ($45.6 million) in July-September on 15 percent sales growth.

Trend Micro, which has partnered with Cisco Systems Inc. (CSCO.O) to develop network firewalls, now seeks to raise its brand in the U.S. and Europe to compete against bigger competitors, it said.

For the six months to June 30, the company posted a net profit of 11.47 billion yen, up from 8.66 billion yen a year earlier.

Last month, the world’s biggest security software maker Symantec, known for its Norton Internet security software, posted a quarterly net profit of $95.2 million, down 5 percent from a year earlier, on restructuring and acquisition-related costs.

Shares of Trend Micro rose 6.8 percent ahead of the announcement to 4,870 yen, extending gains made this week after it revised up its quarterly forecast on Monday. The benchmark Nikkei average .N225 rose 0.8 percent.

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