A10 Networks (ATEN) Misses Q2 EPS by 1c
A10 Networks (NYSE: ATEN) reported Q2 EPS of ($0.09), $0.01 worse than the analyst estimate of ($0.08). Revenue for the quarter came ROSE 50% YoY to $45.1 million versus the consensus estimate of $47.4 million.
“Our strong 50 percent year-over-year revenue growth demonstrates the progress we have made in growing our market footprint and diversifying our customer base,” said Lee Chen, president and chief executive officer of A10 Networks. “U.S. revenue more than doubled year-over-year and grew 44 percent over the first quarter, however, total revenue was slightly below our guidance as a result of lower service provider spending in Japan where several deals pushed into future quarters.
“Our recently introduced high-end Thunder products are gaining momentum in the market, validating the increased customer demand for higher scalability and throughput as well as greater price performance. We are very pleased with the significant increase in the number of deals currently in the pipeline, and we will continue to expand our market presence by investing in our sales team and expanding our channel partner program,” continued Chen.
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