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Sep 30, 2021
A10 Networks Q3 2021 Earnings Report
A10 Networks reported revenue growth driven by cybersecurity and portfolio transformation.
Key Takeaways
A10 Networks reported strong Q3 2021 financial results, with revenue of $65.4 million, up 15% year-over-year, driven by growth in security products and the Americas. The company's profitability improved, leading to a non-recurring tax benefit and adjusted EBITDA of $16.8 million. Management expects double-digit growth in Q4.
Revenue reached $65.4 million, a 15% increase year-over-year.
Security product sales increased by 18% year-over-year.
Americas experienced substantial growth of 47% year-over-year due to improved commercial execution and favorable market conditions.
Deferred revenue hit a record $117.1 million, up 15% year-over-year.
Forward Guidance
Management expects fourth quarter revenue to grow approximately 10% year-over-year with the bottom-line growing at a faster rate than the top-line.
Challenges Ahead
- Continued supply chain challenges
- Global headwinds which could impact quarter-to-quarter performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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