A10 Networks (ATEN) Tops Q1 EPS by 1c

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Go back to A10 Networks (ATEN) Tops Q1 EPS by 1c

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 EDT

First 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