Showing posts with label A10 Networks. Show all posts
Showing posts with label A10 Networks. Show all posts

Tuesday, July 27, 2021

A10 Networks sees Q2 revenue grow 12.7% yoy

 A10 Networks reported Q2 revenue of $59.2 million, up 12.7% year-over-year. Non-GAAP net income was $10.5 million, or $0.13 per diluted share compared with non-GAAP net income of $7.1 million, or $0.09 per diluted share in the second quarter of 2020.

The company said improving commercial execution combined with favorable market conditions drove 20% growth in the Americas year-over-year; Japan normalized as expected.

“Our focus on customer-centric product innovation and on driving improvements in commercial execution is beginning to deliver results, with consolidated revenue growing double-digits in the second quarter and EBITDA growing faster than that rate,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “We gained market share, adding new customers and expanding our security-led sales with existing customers. As expected, Japan again grew year-over-year during the quarter. Our customer engagements, strength of funnel and improving execution reinforce our confidence in full year growth targets while building a diversified customer base for the future.”

Wednesday, February 10, 2021

A10 Networks hits record net income as revenue rises 4% yoy

A10 Networks reported Q4 2020 revenue of $62.7 million, up 4% year-over-year. GAAP gross margin was 78.5%. There was record non-GAAP net income of $13.9 million, or $0.18 per share compared with non-GAAP net income of $7.8 million, or $0.10 per share in the fourth quarter of 2019.

“This was a dynamic year for A10, as we increased full-year earnings by $36 million compared to last year’s $18 million loss while successfully navigating a challenging economy,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Our solutions-based sales focus and market strategy also enabled us to deliver 6% year-over-year growth, versus negative organic growth last year, and our focus on execution and cost discipline drove $55.3 million in cash from operations, funding a sizable stock buyback while preserving the strong balance sheet position to navigate uncertain markets. Our strategic focus is to drive our portfolio and continue to invest in faster growth opportunities like cybersecurity, 5G and cloud - leveraging our historic leadership position in those markets.”

“The operational and commercial foundation provide us with the ability to further build our recurring revenue in line with our customers’ preference and their business priorities,” continued Trivedi. “We expect this portion to grow faster than our overall revenue growth. We enjoy broad and sustainable industry tailwinds, particularly in the areas of 5G, multi-cloud and cybersecurity, bolstered by our industry leading solutions for these growing areas of focus. A10 enters 2021 in a strong position, with leading products, a proven team, and a solid balance sheet. We plan to leverage this strong position to increase our focus on portfolio management, with the goal of increasing our recurring revenue.”

Tuesday, October 27, 2020

A10 reports revenue of $56.6 million, up 7.1% yoy

A10 Networks reported Q3 revenue of $56.6 million, up 7.1% year-over-year. GAAP gross margin was 76.8%. The company achieved record GAAP net income of $6.5 million, or $0.08 per share, compared with GAAP net income of $173,000, or $0.00 per share in the third quarter of 2019.


“We have successfully positioned A10 for consistent organic growth and increased profitability amidst a challenging economic environment,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. “Over the past two years, we have streamlined our fixed cost structure by approximately 25% and realigned our leaner sales organization on the highest quality opportunities. In the third quarter, this focus resulted in better than 7% organic growth, more than $6 million year-over-year improvement in net income and an $8.5 million improvement in Adjusted EBITDA. With a strong balance sheet, including more than $159 million of cash and cash equivalents, and no debt, we are on a solid footing and our improved financial profile enables us to prudently fund a significant stock buyback.”

Wednesday, September 16, 2020

Ericsson introduces Packet Core Firewall powered by A10

 Ericsson introduced a Packet Core Firewall to help advance 5G core network security for communications service providers (CSPs).

The Ericsson Packet Core Firewall is powered by A10 Networks’ technology and is seamlessly integrated with Ericsson Packet Core Gateway in  Ericsson’s dual-mode 5G Core offering. The solution also supports end-to-end network slicing and edge computing.

Ericsson said the new cloud native offering is optimized to scale with user plane to the edge of the network to cater for secure core network 5G use cases. The company also claims the solution delivers more than 50 percent total cost of ownership reduction over dedicated user plane security solutions, while maintaining 5G latency. This is enabled through a single CNF (Cloud Native Network Function) solution with simplified maintenance and orchestration.

Folke Anger, Head of Packet Core Solutions, Ericsson, says: “Securing service availability in 5G requires a holistic view beyond dedicated security solutions. We are now launching the Ericsson Packet Core Firewall seamlessly integrated into our Packet Core Gateway. This will provide our customers with substantial total cost of ownership improvements while ensuring their 5G services to the edge.”

Dhrupad Trivedi, CEO and Board Chair, A10 Networks, says: “Mobile operators are transitioning to more cloud native and distributed architectures to support 5G. This increases the critical need for security and network availability. A10 is excited to expand our partnership with Ericsson to enable current and emerging 5G use cases. The Ericsson Packet Core Firewall powered by A10 Networks is ready for cloud native deployments and addresses the evolving business needs for operators.”

Tuesday, June 9, 2020

A10 Networks teams with Dell Technologies OEM

A10 Networks is working with Dell Technologies OEM | Embedded & Edge Solutions on solutions that combine A10’s hybrid-cloud-ready software with purpose-built Dell Technologies hardware for encrypted application delivery, advanced load balancing, and SSL visibility.

The new A10 Thunder ADC, designed on Dell EMC PowerEdge R640XL and R740XL servers, as well as Dell EMC Virtual Edge Platform 4600, is a single-service platform that enables:​

  • Application availability to maintain uptime for web applications and data center and cloud infrastructure​
  • Application acceleration to deliver a better user experience, maintain SLAs and optimize server utilization ​
  • Application security to enhance the existing security infrastructure and protect against the latest threats, while providing SSL/TLS offload for encrypted server traffic

​The A10 Thunder MVP, designed on Dell EMC PowerEdge R640XL and R740XL servers, enables multiple services, including Thunder ADC and Thunder SSL Insight (SSLi).​ The Thunder MVP:

  • Improves operational agility and flexibility by running multiple independent instances on a single optimized and accelerated hardware platform. Each can run a different version and can be restarted separately
  • Delivers Thunder ADC instances, providing increased uptime, faster user experience and attack prevention for highly available, accelerated and secure applications
  • Integrates Thunder SSLi instances, providing security devices with decrypted SSL/TLS traffic visibility to stop data leaks and end-user attacks, for a foundation for Zero-Trust.​ A10 URL filtering and threat intelligence options can be added for enhanced user security

All the solutions can be augmented by the A10 Harmony Controller to ease SecOps and DevOps deployments, simplify application lifecycle management, integrate into CI/CD workflows and enable fast troubleshooting with advanced drill-down analytics and central management, providing IT operations a consistent on-premises and multi-cloud operational experience.

“As a leader in the enterprise market, it was a natural decision for A10 to work with Dell Technologies OEM | Embedded & Edge Solutions to bring our application delivery and security solutions to our customers. Our turnkey solutions will help customers tackle the current and emerging business challenges of providing secure and available applications and ensuring networks are protected against attacks in this multi-cloud world,” said Dhrupad Trivedi, president and CEO of A10 Networks.

Tuesday, February 11, 2020

A10 posts Q4 revenue of $60 million, up 14% sequentially

A10 Networks reported Q4 2019 revenue of $60.3 million, up 14 percent compared with $52.8 million in third quarter 2019. GAAP gross margin was 77.7 percent. GAAP net income was  $0.0 million, or $0.00 per basic and diluted share. Non-GAAP net income of $7.8 million, or $0.10 per basic and diluted share.

"I am thrilled to join A10 Networks at an exciting time for the business,” said Dhrupad Trivedi, president and chief executive officer of A10 Networks. “A10 occupies an attractive area within networking and security, as companies increasingly focus on delivering business outcomes while managing operational complexities from proliferation of IoT, shift to hybrid cloud environments, and ever-increasing complexity of the cybersecurity landscape. Service providers around the world also face the same challenges while getting ready for 5G technology to support many of these consumption trends."

Tuesday, January 7, 2020

A10 Networks boosts its earnings guidance

A10 Networks expects to report revenue results for the fourth quarter of 2019 between $59 million and $60 million, above the previous guidance range of $55 million to $59 million. The results are preliminary.

“I am excited by the overall opportunity for A10 investors, customers and employees. We believe our strong customer engagement and exciting product roadmap positions us well for the future needs of the industry. Looking ahead, we remain focused on driving improved financial performance through top-line growth and operational excellence,” said Dhrupad Trivedi, CEO of A10 Networks.

Tuesday, October 29, 2019

A10 Networks returns to profitability as revenues rise 7% yoy

A10 Networks reported Q3 2019 revenue of $52.8 million, up 7 percent compared with $49.2 million in Q2 2019. GAAP gross margin was 77.4 percent. GAAP net income was $0.2 million, or $0.00 per basic and diluted share, and non-GAAP net income was $1.8 million, or $0.02 per basic and diluted share.

“We delivered results in the third quarter that were in-line to above our most recent guidance. Our revenue increased 7% sequentially, and we were pleased with improving demand from our service provider vertical, which grew 36% versus the prior quarter. We also saw continued strength in 5G security in South Korea, Japan, and the Middle East,” said Lee Chen, president and chief executive officer of A10 Networks. “We are optimistic as we look to the fourth quarter and beyond, due to improving demand signals from several key North America accounts, expanded 5G security infrastructure deployments on the part of service providers across the globe, an ongoing positive mix shift toward more recurring maintenance and subscription revenue, and the fact that the company is laser-focused on making progress to accelerate operating income.”

Tuesday, July 30, 2019

A10's Q2 sales dip to $49m, company considers alternatives, CEO to step down

A10 Networks reported Q2 revenue of $49.2 million, compared with $60.7 million in second-quarter 2018. There was a GAAP net loss of $5.8 million, or $0.08 per basic and diluted share.

“Second quarter revenue came in below our guidance as a number of large deals in our pipeline pushed into future quarters or were downsized. These deals were primarily in North America and within the service provider and web giant verticals where opportunities can be large but the timing is difficult to predict,” said Lee Chen, president and chief executive officer of A10 Networks. “Outside of North America, all of our major geographies met or exceeded our Q2 expectations, and we continued to make progress on our strategic initiatives in security, 5G and multi-cloud.”

A10 also confirmed that it has retained Bank of America Merrill Lynch to advise about a potential sale or change of control transaction. The company has appointed Eric Singer, Founder and Managing Member of VIEX Capital Advisors, to its Board and formed a Strategic Committee to consider strategic options.

In addition, Lee Chen, president and chief executive officer of A10 Networks, announced his intention to step down once a new CEO has been selected.

Thursday, April 25, 2019

A10 Networks posts Q1 revenue of $50.3 million

A10 Networks reported Q1 2019 revenue of $50.3 million, compared with $49.2 million in first quarter 2018. GAAP gross margin was 75.6 percent and GAAP operating margin was (21.8) percent. There was a GAAP net loss of $12.3 million, or $0.16 per basic and diluted share. Non-GAAP net loss amounted to $7.2 million, or $0.09 per diluted share.

“During the quarter, we continued to make progress on our priorities for 2019, which include driving growth and innovation in security, 5G and multi-cloud. Security product revenue grew 22 percent year-over-year to 34 percent of product revenue and we secured another 5G design win with a top mobile provider in Korea and forged ahead in our efforts to drive further product innovation that supports the commercial roll-out of 5G networks,” said Lee Chen, president and chief executive officer of A10 Networks. “We have a strong product portfolio, our win rate remains high and our team is energized by our opportunities in the market.”

Thursday, February 7, 2019

A10's revenue rises to $62 million, up 11%

A10 Networks reported Q4 2018 revenue of $61.8 million, compared with $55.5 million in fourth quarter 2017. GAAP gross margin was 77.7 percent and non-GAAP gross margin of 78.2 percent. GAAP net loss was $1.6 million, or $0.02 per basic and diluted share, non-GAAP net income was $4.1 million, or $0.05 per diluted share.

"We are building solid momentum in the market with our advanced suite of 5G, security and multi-cloud solutions. Revenue increased 11 percent year-over-year to $61.8 million and our security product revenue grew to reach 38 percent of product revenue for the year, achieving our goal for the year. We also continue to make good progress with our sales transformation initiative and drove double-digit year-over-year product revenue growth in North America, Japan, APAC and Latin America,” said Lee Chen, president and chief executive officer of A10 Networks.

Tuesday, October 30, 2018

A10 Networks posts Q3 sales of $60 million, better than expectations

A10 Networks reported Q3 2018 revenue of $60.5 million, compared with $62.0 million in third quarter 2017. GAAP gross margin of 78.5 percent, non-GAAP gross margin of 78.8 percent. There was a GAAP net loss of $1.8 million, or $0.02 per share, non-GAAP net income of $2.3 million, or $0.03 per share.

“We delivered a solid third quarter achieving revenue of $60.5 million, which exceeded the high-end of our guidance range. In the quarter, we continued to execute on our initiatives to transform our sales team, sharpen our focus on execution and expand our advanced suite of 5G, security and cloud solutions, and we are pleased with the initial results of our efforts,” said Lee Chen, president and chief executive officer of A10 Networks.

Wednesday, June 27, 2018

2-min video: SSL Decryption presented by @A10Networks

A10 Networks discusses its SSL Insight technology for decrypting traffic. Rather than decrypting traffic at every single hop, enterprises can now decrypt once and send to multiple devices.

Presented by Paul Nicholson, Director of Product Marketing, and Parth Jagirdar, Product Marketing Manager, at A10 Networks.

A10 Networks appoints Webb as VP of sales EMEA

A10 Networks appointed Anthony Webb as VP of sales in Europe, the Middle East and Africa (EMEA).

Before joining A10, Webb served as vice president EMEA of Ixia Technologies. Prior to joining Ixia, he held positions at the vice president and managing director level for Juniper Networks, running sales organizations across EMEA and in the UK. In 2000, he joined Cisco as sales manager for service provider and enterprise verticals in the UK, before serving as enterprise sales director emerging markets with Cisco in MEA, then collaboration sales director emerging markets. He left Cisco in 2011 to return to the UK.

Wednesday, April 18, 2018

Interview: Lee Chen, CEO of A10 Networks

A10 Networks, which is sometimes referred to as the best-kept networking secret due to its high-performance security and load balancing product lines yet quiet public company profile, was founded by Lee Chen in 2007. Chen is a veteran of Silicon Valley networking start-ups having served in the key technical roles at Centillion Networks and later at Foundry Networks. Centillion Networks was a switching pioneer active in the late 1990s and later acquired by Bay Networks. Foundry Networks was a follow-up company that was first to ship a Gigabit Ethernet switch, and later had the good fortune of completing its IPO near the peak of the Internet bubble in 1999. Years later, Foundry was acquired by Brocade. A10 Networks, which got started in 2006 and is based in San Jose, California, completed its IPO in March 2014.

For its most recently reported fiscal quarter (3Q2017), the company's revenue grew 12 percent year-over-year to $61.4 million. Service Provider sales were about 53% of total revenue and enterprise sales were 47%. Total gross margin was 78.3%. A10 Networks postponed its 1Q2018 financial report, which had been expected in February, citing an internal investigation concerning a violation of its insider trading policy by a mid-level employee within its finance department.

Question: As yet another year of the annual RSA conference gets underway, it's clear that the really critical cybersecurity issues have not gone away. The daily news is filled with stories of attacks on critical infrastructure, major cryptocurrency heists, interference by one country in the electoral process of others, and most recently of the revelation from Facebook that possibly all of its nearly 2 billion users may have had profile data scaped by bad actors. What's your overall assessment of cyber security?

Lee Chen: My assessment of cybersecurity is that attacks will become frequent and more sophisticated. Will they ever go away? It’s not impossible but it’s not likely in the near term. I just don’t see in the next 10-20 years that they’re just going to go away. It’s a real part of our lives. That’s why it’s very important for every telecom company or operators, IT staff, IT organization, any enterprise customers, they need to have a security policy in place.

Q: Let's talk about DDoS. Over time, the number, duration, and volume of attacks always go higher.  What are your observations?

Lee Chen: As the number of DDoS attacks is increasing, the duration is getting longer the volume is getting higher and the vendor Solutions are getting more sophisticated, with much higher performance – and they’re becoming automated and easier to deploy. These solutions are getting better over time. It’s like any technology – it never stands still, and you always have a new era of attacks and solutions. The users need to make sure they keep up to date with the latest and greatest technology from the industry’s best vendors.

Q: The rise of crypto currencies tells us that a lot of electronic money is moving from the well-defended infrastructure of major banks to smaller platforms that may exist in less secure environments, perhaps making them more vulnerable to DDoS attacks. Does that mean that a greater amount of the money supply or capital will exist in a more vulnerable environment?

Lee Chen: I do believe that cryptocurrency is here to stay. Many people believe it’s a blip, but I believe it’s here to stay. I'm not sure cryptocurrency is necessarily more vulnerable because one of the things about the use of blockchain with cryptocurrency is that blockchain is more secure and provides more privacy. Just like any new technology, it will constantly be the target of cyberattacks, but for cryptocurrency to evolve, it will need a significant investment in cybersecurity.

Q: We're starting to see really substantial numbers of IoT devices coming online, some with better security controls than others. In some cases, it is the enterprise that is deploying IoT in volume to track their own assets. How significant is the security threat?

Lee Chen: IoT’s threat to the enterprise is not significant but in the future will be. IoT devices have the widest variety of different use cases: some are related to convenience, some for life and death, some for cost control, some for energy consumptions. Counting on IoT devices to be secure is not realistic – IoT devices will never be fully protected because attackers will always figure out a way get through the IoT device’s security.

Just like in any security scenario, it always comes down to policy. You need to have a well-designed security policy in place to make sure the application and IoT devices are protected from malware and DDoS attacks, and also from other network and application attacks.

Q: The gaming industry is becoming the latest professional sport. Players have a lot on the line to win their competition, but here again, there is a need for a very clean network.  How is this segment developing?

Lee Chen: Gaming is a very interesting and very challenging industry. It’s one of the most demanding DDoS protection environments, as no dirty traffic is allowed in the industry. One significant difference for a gaming environment is that the network needs to be super clean. Because of the time-sensitive nature of a gaming environment, you can’t have any lag, and you can’t have any latency due to dirty traffic on the network. The gaming industry needs a device that is really sophisticated, because any dirty traffic will cause one side to lose, and the stakes are very high. You need a device that can detect attacks instantly and will never allow volumetric attacks to happen to the network.

Q: Cloud migration. The move to public cloud services is another megatrend. Many companies, of course, are pursuing a hybrid public/private cloud strategy and this changes their security posture. How do you think about security when traditional network boundaries are changing?

Lee Chen: Most of the enterprise is moving from traditional networks to the cloud, and all corporations will have some data in the cloud and some on their corporate networks. Cloud is a great opportunity for companies to invest in a hybrid cloud strategy – as a matter of fact, one of the largest public cloud providers is one of A10’s marquee customers and does just that, with 40 data centers with 45 TB of data protected globally A10’s DDoS mitigation solutions.

Q: Carrier network virtualization - SDN and NFV are bringing the benefits of virtualization to carrier networks.  As they deploy x86-based infrastructure instead of proprietary systems, is this opening up new security vulnerabilities?

Lee Chen: The virtualized network such as SDN and NFV does provide the network efficiency, agility and flexibility, which is a must for virtual networks when it comes to providing good analytics and orchestration – all without vendor lock-in. And there are quite a few options when it comes to implementation: you have different versions of OpenStack; different vendors with their own versions, and different integrations. So you actually offer more integration opportunities. In the longer term, I can see significant advantages, and in the near-term, I see a lot of opportunities to integrate with the different vendors. The virtual solution does have some challenges because virtual management is a big issue. Overall, visibility and control is a must and there is a good opportunity for the application intelligence and analytics companies to provide a good solution for the virtualized networks.

Q: We are starting to see the rise of autonomous vehicles as companies like Waymo, Uber, Lyft, Maven and others talk about deploying tens of thousands of vehicles.  These future businesses will rely heavily on low-latency, mobile networks, presumably 5G. Could they also be vulnerable to DDoS attacks?

Lee Chen: Similar to the gaming industry and gaming networks, autonomous vehicles need super clean connectivity because now we're talking about life and death. With 5G networks, the opportunity to update the software in autonomous cars is really great. I think autonomous car usage will be popular although I don't know when. These cars absolutely need protection, because if somehow the network is compromised the risk is very high. Similar to the gaming industry, the DDoS protection needs to be very sophisticated, and be able to keep any volumetric attacks from entering the network. This DDoS detection and mitigation needs to be quick and automated via intelligent automation.

Monday, April 16, 2018

A10 Networks cites deployment of its DNS solution by tier-1 Cloud Service Provider

A10 Networks announced a global tier-1 Cloud Service Provider has selected and deployed its Thunder TPS (Threat Protection System) with its Non-stop DNS solution across multiple data centers to ensure resilience from escalating cyber-attacks, and scale its mission critical DNS services.

A10 said it worked with the Cloud Service Provider to create an innovative Non-stop DNS solution to prevent anticipated DNS meltdowns due to DDoS attacks on their DNS infrastructure. The solution, utilizing Thunder TPS, was first deployed in 2017 to provide Non-stop DNS services for the Cloud Service Provider. At the heart of the new solution is a ground-breaking authoritative DNS cache from A10 that achieves unprecedented levels of scale and performance while protecting the backend DNS servers.

Key benefits of A10 Thunder TPS Non-stop DNS:

  • Highly scalable authoritative DNS cache server to eliminate the impact of DNS DDoS attacks
  • 150x DNS performance vs a typical DNS server
  • Up to 35M queries per second (QPS)
  • Impedes attacker reconnaissance by responding in a manner that is indistinguishable from the backend authoritative DNS servers
  • Absorbs massive attacks while limiting the volume of queries to the backend DNS servers
  • Enhances the experience of legitimate users by reducing DNS response time especially when placed at the network edge in global service provider networks
  • Ease of integration with detection and management systems via OpenAPI (aXAPI) to automate tasks

“High profile outages caused by attacks on critical infrastructure have demanded the creation of new solutions,” said Raj Jalan, CTO, A10 Networks. “The A10 Networks Non-stop DNS solution enables any service provider to avoid costly downtime by keeping DNS infrastructure operational despite the largest targeted attacks.”

Monday, January 22, 2018

A10 appoints EVP or Worldwide Sales

A10 Networks announced the appointment of Chris as executive vice president, worldwide sales.

Before joining A10 Networks, White was vice president of sales at Proofpoint, a leading security-as-a-service provider, where he led the Strategic Accounts and Archive Sales Teams in the US market. Prior to Proofpoint, White held senior leadership positions at Hitachi Data Systems, NetApp, Symantec and ADP.

Thursday, September 28, 2017

A10 expects bump up in Q3 revenue

A10 Networks increased its financial outlook for Q3 2017, saying it now expects revenue to be between $59 million and $60 million, above its prior guidance of $53 million to $57 million. The company also expects to report a profit on a non-GAAP basis.

A10 Networks also announced the departure of Ray Smets, EVP of worldwide sales, effective in the fourth quarter.

Thursday, July 13, 2017

A10 Trims Guidance

A10 Networks announced preliminary financial results for the second quarter ended June 30, 2017, saying in now expects total revenue in the second quarter 2017 to be between $52.5 million and $53.5 million, below its prior guidance of $62.0 million to $64.0 million. The company expects to report a GAAP net loss between $0.12 and $0.13 per share. On a non-GAAP basis, the company expects to report a net loss between $0.05 and $0.06 per share, using approximately 69.8 million basic shares, which is below the previous guidance for non-GAAP net income of $0.01 to $0.03 per share, using approximately 76.6 million diluted shares. A preliminary reconciliation between GAAP and non-GAAP information is contained in the financial statements below.

“We are disappointed with our preliminary results. Revenue came in below our guidance as a number of opportunities in our pipeline did not close primarily in North America and to a lesser degree in Japan. Key deals remain in our pipeline and we are diligently working to improve our execution,” said Lee Chen, president and chief executive officer of A10 Networks. “We remain confident that our investments in security and cloud will serve as a strong foundation to penetrate these faster-growing segments of our market.”