Q3 2024 A10 Networks Inc Earnings Call Transcript
Key Points
- Enterprise revenue increased by 5% year-to-date and 9% on a trailing 12-month basis, indicating strong growth in this segment.
- Service provider revenue showed improvement, increasing by 2% year-to-date after a decline in the first half of 2024.
- Security-led revenue increased by 10% year-to-date, highlighting the company's strong focus on cybersecurity solutions.
- The company maintained robust profitability, with expanded operating, EBITDA, and net margins.
- A10 Networks Inc (ATEN) generated over $21 million in cash from operations, keeping them on track for full-year targets.
- North American service provider segment remains volatile, with no clear indication of stabilization.
- Accounts receivable increased significantly compared to Q2, raising concerns about payment delays.
- Enterprise revenue growth was only 3% year-over-year, which is lower than previous quarters.
- The company's EPS benefited from non-recurring foreign currency factors, which may not be sustainable.
- Despite increased R&D investment, there is uncertainty about the immediate impact on revenue growth.
Hello, everyone and welcome to the A 10 Networks third quarter, 2024 financial results call. My name is Lydia and I'll be your operator today.
After the prepared remarks, there'll be an opportunity for you to ask questions. If you'd like to ask a question, you can do so by pressing star one on your telephone keypad and I'll hand you over to Tom Bowman to begin. Please go ahead.
Thank you all for joining us today. This call is being recorded and webcast live and may be accessed for at least 90 days via the A 10 networks website at a 10 networks dotcom hosting the call. Today are Dr Vetti, a ten's President and CEO and CFO Brian Becker.
Before we begin, I would like to remind you that shortly after the market closed today, a 10 networks issued a press release announcing its third quarter 2024 financial results. Additionally, a 10 published a presentation and supplemental trended financial statements. You may access the press release presentation and trended financial statements on the investor relations section of the company's
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