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Mar 31, 2022
A10 Networks Q1 2022 Earnings Report
A10 Networks reported a revenue increase of 14.3% year-over-year in Q1 2022, driven by security-led solutions and growth in the Americas.
Key Takeaways
A10 Networks reported a strong first quarter in 2022, with revenue reaching $62.7 million, a 14.3% increase year-over-year. The growth was driven by the company's security-led product revenue, which grew by 20.1% year-over-year, and a 25.5% increase in revenue from the Americas. The company's GAAP net income was $6.3 million, or $0.08 per diluted share, while non-GAAP net income was $10.0 million, or $0.13 per diluted share.
Revenue increased by 14.3% year-over-year, reaching $62.7 million.
Security-led product revenue grew by 20.1% year-over-year.
Revenue growth in the Americas increased by 25.5% year-over-year.
GAAP net income was $6.3 million, or $0.08 per diluted share, while non-GAAP net income was $10.0 million, or $0.13 per diluted share.
Forward Guidance
A10 Networks anticipates achieving the high end of its full year targets around top line growth of 10 – 12% and expanding EBITDA in the range of 26 – 28%.
Positive Outlook
- Expects to achieve high end of full year targets.
- Targeting top line growth of 10-12%.
- Expanding EBITDA in the range of 26-28%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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