News Column

A10 Networks, Inc. Reports First Quarter 2014 Financial Results

May 11, 2014





   • Achieved record revenue of $45.7 million, up 55 percent year-over-year and up 8 percent sequentially

   • Added 200 new customers, and extended total customer base to over 3,100

   • Delivered gross profit margin of 78 percent

DUBAI, UAE: A10 Networks, Inc. (NYSE: ATEN), a technology leader in application networking, today announced financial results for its first quarter ended March 31, 2014. Total revenue for the first quarter grew 55 percent year-over-year to a record $45.7 million, compared with $29.6 million in the first quarter of 2013.

"The first quarter was a strong start to the year for A10 Networks, and we are very pleased with our results," said Lee Chen, president and chief executive officer of A10 Networks. "In our first quarter as a public company, we achieved our third consecutive quarter of record revenue, grew revenue 55 percent year-over-year and added 200 new customers.

"We are disrupting the market with our next-generation application networking platform, ACOS, that delivers superior price performance, reliability and flexibility. Additional key drivers of our success include our software-based platform that we have developed and enhanced over the past eight years, our customer-friendly licensing model and our outstanding customer support. We believe that we are in a very strong position to continue our growth and broaden our position as a market leader in the application networking market," continued Chen.

A10 Networks first quarter 2014 GAAP net loss was $5.1 million compared with a net loss of $8.5 million in the first quarter of 2013. Non-GAAP net loss for the first quarter of 2014 was $3.3 million, compared with non-GAAP net loss of $4.7 million in the first quarter of 2013. A reconciliation between GAAP and non-GAAP information is contained in the financial statements below.

Recent Highlights



   • Completed a $193 million initial public offering

   • Launched the Thunder TPS Series, A10's first standalone security solution for network-wide DDoS protection

   • Launched the aCloud Services Architecture including new products and features to support next-generation Infrastructure-as-a-Service (IaaS) cloud data center architectures

   • Introduced the new A10 Affinity Partner Program in North America that is designed to empower and reward A10's channel partners

   • Launched the industry's first 100 Gigabit Ethernet ADC for Layer 4-7 services

   • Expanded portfolio of appliances with four new Thunder Series models with flexible 10GbE/40GbE/100GbE interface options and total throughput ranging from 40Gbps to 150Gbps

   • Appointed Terrence Gareau as Principal Research Scientist to assist in building A10's security engineering and response team, providing A10 ADC (application delivery control), CGN (carrier grade networking) and standalone DDoS (distributed denial of service) customers with in-depth DDoS research and advisory

   • Received the IPv6 Ready Gold Logo certifying that A10's Thunder CGN, Thunder HVA, and AX CGN product lines have satisfied the requirements stated by the IPv6 Logo Committee (v6LC), which requires vendors to comply 100 percent for both conformance and interoperability test specifications

About A10 Networks:

A10 Networks (NYSE: ATEN) is a leader in application networking, providing a range of high-performance application networking solutions that accelerate and secure data center applications and networks of thousands of the largest enterprise, service provider and hyperscale web providers around the world. Founded in 2004, A10 Networks is based in San Jose, Calif., and serves customers globally with offices worldwide.


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Source: Mid-East.Info