A10 Networks Reports Q4 Revenue of $45 Million

A10 Networks reported Q4 2014 revenue of $45.2 million, compared with $42.2 million in the fourth quarter of 2013. Total revenue for the year 2014 was $179.5 million, an increase of 27 percent, compared with $141.7 million reported for the year 2013. GAAP net loss was $16.0 million, compared with a GAAP net loss of $5.6 million in the fourth quarter of 2013. The company reported GAAP net loss of $34.7 million for the year 2014, compared with a GAAP net loss of $27.1 million for the year 2013.

“Overall, the team executed well in the fourth quarter, delivering strong sequential bookings growth and adding over 280 new customers - a new record for A10,” said Lee Chen, president and chief executive officer of A10 Networks. “We launched several new products in the quarter, including the ACOS 4.0 platform that has leading programmability, enhanced application support and manageability that enables important advanced features such as SSL Insight. We remain confident in our ability to grow our business by capitalizing on our unique competitive advantages, expanding our strategic partnerships and continuing to further strengthen our technology leadership.”

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