A10 Networks reported a strong first quarter for 2025, with revenue increasing 9% year-over-year to $66.1 million. The company achieved non-GAAP net income of $15.0 million, or $0.20 per diluted share, and authorized a new $75 million share repurchase program, demonstrating continued focus on profitability and shareholder returns.
Total net revenue for Q1 2025 was $66.1 million, a 9% increase compared to $60.7 million in Q1 2024.
GAAP net income was $9.5 million ($0.13 per diluted share), while non-GAAP net income reached $15.0 million ($0.20 per diluted share).
The company returned $51.4 million to investors through share repurchases and cash dividends during the quarter.
A new $75 million share repurchase program was authorized by the Board of Directors.
While the company expects continued growth to outpace the industry and aims to deliver its business model, potential impacts from global trade dynamics and uneven service provider spending could affect near-term growth.
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