Wednesday, July 30, 2014

A10 Reports Revenue of $45.1 million, up 50% YoY

A10 Networks reported that total Q2 revenue grew 50 percent year-over-year to $45.1 million, compared with $30.1 million in the second quarter of 2013. A10 Networks second quarter 2014 GAAP net loss was $1.3 million compared with a net loss of $10.2 million in the second quarter of 2013.

“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.

http://www.a10networks.com

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