A10 Networks Reports Financial Results for the Third Quarter of 2024
A10 Networks, Inc. (ATEN)
Last a10 networks, inc. earnings: 2/11 04:10 pm
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US:NYSE Investor Relations:
investors.a10networks.com/home/default.aspx
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Source: Business Wire
Improving Demand from Service Providers and continued Enterprise Execution Drive Revenue Growth, Profitability SAN JOSE, Calif.--(BUSINESS WIRE)--A10 Networks, Inc. (NYSE: ATEN or the “Company”), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its third quarter ended September 30, 2024.Third Quarter 2024 Financial SummaryRevenue of $66.7 million, compared to $57.8 million in the third quarter of 2023. Revenue for the first nine months of 2024 was $187.5 million, compared to $181.3 million for the first nine months of 2023.GAAP gross margin of 80.5%; non-GAAP gross margin of 81.3% as a result of continued focus on operational execution of business model goals.GAAP net income of $12.6 million (18.9% of revenue), or $0.17 per diluted share, compared to net income of $6.5 million (11.2% of revenue) or $0.09 per diluted share in the third quarter of 2023.Non-GAAP net income of $15.9 million (23.9% of revenue), or $0.21 per diluted
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