Network technology provider for network support and data center security A10 Networks Inc. (NYSE: ATEN) has released its second-quarter results. The company developed its sales and succeeded in increasing its market share and diversifying its revenues.
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For the quarter ended June 30, 2021, A10 Networks revenue increased 12.7% year-over-year to $59.2 million. In the Americas, the company grew by 20%; the Japanese market has recovered and is now posting strong sales. GAAP gross margin increased to 77%. The GAAP net income came in at $6.6 million, or $0.08 per diluted share, versus $3.8 million and $0.05 a year ago.
Data protection solutions have become one of the engines of sales growth. The growing demand for cybersecurity allowed A10 Networks Inc. (ATEN) to gain new customers and grow its market share by early 2021. The core portfolio revenue of ATEN stock increased nearly 18%.
A10 Networks Inc. (ATEN) provides smart tools for data protection, monitoring of IT infrastructure, including cloud and hybrid. In addition, the company sells tools to ensure the safe and secure operation of 5G mobile networks and the Internet of Things (IoT).
The administration of the A 10 Networks hopes that the positive dynamics will continue. Based on third-quarter results, the company expects revenue to range between $60.6 million and $63.4 million.
Shares of A10 Networks Inc. (ATEN) rose 3.85% on Thursday to close at $12.96. The stock fluctuated between $12.50 and $13.13 during the trading session. EPS was 0.26 for the company. Over the past five days, ATEN’s stock is up 14.69%, over the past month it has gained 13.98%, and on a year-to-date basis, it is up 31.44%.