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Stock impact report

A10 Networks Reports In-line Financial Results for the First Quarter of 2024

A10 Networks, Inc. (ATEN) 
Last a10 networks, inc. earnings: 2/11 04:10 pm Check Earnings Report
Company Research Source: Business Wire
Company Delivers Revenue Growth YoY and Expands Earnings Per Share SAN JOSE, Calif.--(BUSINESS WIRE)--A10 Networks, Inc. (NYSE: ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its first quarter ended March 31, 2024.First Quarter 2024 Financial SummaryRevenue of $60.7 million, in-line with expectations and up 5.2% year-over-year.GAAP gross margin of 81.1%; non-GAAP gross margin of 81.9% as a result of continued focus on operational execution of business model goals in spite of near-term volatility in the market.GAAP net income of $9.7 million (16.0% of revenue), or $0.13 per diluted share, compared to net income of $4.0 million (6.9% of revenue) or $0.05 per diluted share in the first quarter of 2023.Non-GAAP net income of $12.7 million (21.0% of revenue), or $0.17 per diluted share (non-GAAP EPS) compared to non-GAAP net income of $9.9 million (17.2% of revenue) or $0.13 per diluted share in the first quarter of 2023.Th Show less Read more
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