A10 Networks reported record Q2 2016 revenue of $57.1 million, up 20 percent year-over-year. On a GAAP basis, A10 Networks reported a net loss for the second quarter 2016 of $4.9 million, or $0.08 per share, compared with a net loss of $10.0 million, or $0.16 per share, in the second quarter of 2015.
- Enterprise revenue of $32.0 million, increased 16 percent year-over-year
- Product revenue of $38.8 million, up 16 percent year-over-year
- Cash and marketable securities increased to $113.7 million, up from $96.2 million at June 30, 2015
“We delivered record revenue as our high-end security and cloud-ready Thunder solutions continued to drive growth,” said Lee Chen, president and chief executive officer of A10 Networks. “We also significantly improved our bottom-line results and we believe we are on track to meet our financial goals for the year. In addition to our strong performance in the quarter, we took a strategic step to accelerate the A10 Harmony vision and expand our addressable market with the acquisition of Appcito. Appcito is a cloud-native subscription service that maximizes the agility and improves the visibility and security of enterprise applications deployed in the cloud. Appcito fits into our vision to become the most comprehensive secure application services company in the industry and helps customers become more secure and agile as they bridge traditional and cloud application environments.”
Video: A10 Networks at a Glance
You may not have heard of A10 Networks since it is one of the best kept secrets in the industry, but the company is a major supplier of networking equipment to the video gaming industry, the financial industry, and even for some of the largest casinos in Las Vegas.
Gunter Reiss, VP of Strategic Alliances, A10 Networks, provides a two-minute overview of the 12-year old, Silicon Valley-based company, which has grown to roughly 5,000 customers worldwide. A10 Networks is known for its feature-rich, high-scalable, high-performance, application delivery controller that can be used for carrier-grade NAT, DDoS mitigation, SSL decryption visibility and as a converged firewall.
See video: https://youtu.be/EOtr45E43Mg
