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Jun 30, 2022
A10 Networks Q2 2022 Earnings Report
Reported 14.9% organic growth driven by security solutions demand, improved net income by 57.4%, and returned $7.2 million to shareholders.
Key Takeaways
A10 Networks reported a 14.9% year-over-year increase in revenue for Q2 2022, driven by strong demand for security-led solutions. The company's net income improved significantly, and it returned $7.2 million to shareholders through buybacks and dividends. They reiterate their full year guidance.
Revenue of $68.0 million, up 14.9% year-over-year.
Revenue growth led by a 33.7% increase in the Americas year-over-year.
GAAP net income of $10.4 million, or $0.13 per diluted share.
Adjusted EBITDA of $18.0 million, representing 26.4% of revenue.
Forward Guidance
A10 Networks reiterates its full year targets around top line growth of 10 – 12% and expanding EBITDA in the range of 26 – 28% of revenue.
Historical Earnings Impact
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