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Mar 31, 2021
A10 Networks Q1 2021 Earnings Report
Reported organic growth, expansion of recurring revenue and security solutions, driven by 5G and Cybersecurity.
Key Takeaways
A10 Networks reported a revenue increase of 2.0% year-over-year, driven by growth in security solutions which now represent 60% of revenue. The company's GAAP EPS was $0.03, and non-GAAP EPS was $0.12. Software revenue now represents more than 10% of total revenue.
Revenue increased by 2.0% year-over-year to $54.8 million.
Security solutions grew to 60% of revenue and increased 15.5% on a trailing twelve month (TTM) basis.
GAAP net income was $2.7 million, or $0.03 per share, compared to a net loss of $(297,000) in the first quarter of 2020.
Non-GAAP net income was $9.4 million, or $0.12 per share, compared to $4.0 million in the first quarter of 2020.
Revenue by Segment
Forward Guidance
This press release contains "forward-looking statements," including statements regarding our strategic focus, demand for our solutions, revenue predictability, financial leverage, growth outlook for Japan, investment in growth initiatives and sales, marketing and R&D, revenue growth, including recurring revenue, and our positioning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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