A10 Networks (ATEN) Tops Q1 EPS by 1c
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A10 Networks Reports Organic Growth, Expansion of Recurring Revenue and Security Solutions, Driven by 5G and Cybersecurity, for Q1 2021
April 27, 2021 4:05 PM EDTFirst Quarter GAAP EPS of $0.03, non-GAAP EPS of $0.12
SAN JOSE, Calif.--(BUSINESS WIRE)-- A10 Networks (NYSE: ATEN), a leading provider of secure application services and solutions, today announced financial results for its first quarter ended March 31, 2021.
First Quarter 2021 Financial Summary
Revenue of $54.8 million, up 2.0% year-over-year. Deferred revenue of $113.2 million, up 11.8% year-over-year. Security solutions grew to 60% of revenue and increased 15.5% on TTM basis. GAAP gross margin of 77.2%; non-GAAP gross margin of 78.9%. GAAP net... More