Strong Revenue Growth
Second quarter revenue was $69.4 million, an increase of 15% year-over-year. Total revenue grew 11% year-over-year on a trailing 12-month basis with Enterprise up 8% and Service Provider revenue increasing 14%.
High Gross Margin
Gross margin in the second quarter was 80%, in line with the stated goals of 80% to 82%.
Record Product Revenue Growth
Product revenue for the quarter was $39.2 million, representing 56% of total revenue, with the best product revenue growth in Q2 seen in over 5 years.
Strong Cash Flow and Financial Position
Generated $22.2 million in cash from operations during the quarter. Ended the quarter with $367.4 million in cash, cash equivalents, and marketable securities, compared to $195.6 million at the end of 2024.
AI and Cybersecurity Alignment
A10's alignment with AI infrastructure and cybersecurity trends is driving growth, with recent selection by a global cloud leader to build future AI infrastructure.
High Customer Retention
Renewal rates on eligible contracts remain above 90%, indicating strong customer retention and satisfaction.