A10 Networks reports Q1 adjusted EPS 20c, consensus 18c

Reports Q1 revenue $66.1M, consensus $63.7M. “A10 continued to deliver solid execution, benefiting from some stabilization in our service provider segment, particularly in North America, and steady progress in the enterprise segment,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks (ATEN). “The recent acquisition of ThreatX Protect, which closed in February, bolsters our capabilities to protect against attacks on web applications and application programming interfaces (APIs), a key area of focus for enterprise customers. Overall, our increased focus on enterprise market continues to provide durable growth, and security-related revenue continues to grow faster than overall revenue. As a result of our continued focus on diversification, in terms of customer segments and geographies, we remain well-positioned to outperform the broader industry.”