A10 Networks reported a record GAAP net income of $7.8 million for the fourth quarter of 2020, with a 4% year-over-year revenue increase. The company's full-year revenue grew by 6%, and it ended the year with a strong cash position.
Revenue of $62.7 million, up 4% year-over-year.
Record GAAP net income of $7.8 million, or $0.10 per share, compared to $51,000, or $0.00 per share in Q4 2019.
Record non-GAAP net income of $13.9 million, or $0.18 per share compared with non-GAAP net income of $7.8 million, or $0.10 per share in Q4 2019.
Ended the year with $158.1 million in cash and cash equivalents.
A10 plans to leverage its strong position to increase its focus on portfolio management, with the goal of increasing recurring revenue.
Visualization of income flow from segment revenue to net income
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