A10 posts Q3 revenue of $61m, up 12% yoy

A10 Networks reported Q3 revenue of $61.4 million, up 12% compared with $55.1 million for the same period last year. There was a GAAP net loss of $2.7 million, or $0.04 per basic share. “We delivered a strong third quarter and are pleased with the team’s execution. Revenue exceeded our initial and revised guidance and increased 12% year-over-year to reach $61.4 million. Our top-line performance was driven by solid demand and the team’s improved...

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Cypress sees gains from IoT

Cypress Semiconductor posted Q3 revenue of $604.6 million, up from $593.8 million a year earlier. Net income was $11 million, or $0.03 EPS, compared to a net loss of $23 million a year earlier. Margin was 41.8%. “We continue to strengthen our position as the Internet of Things (IoT) leader with our state-of-the-art IoT connectivity solutions, flexible microcontrollers and high-performance memories,” said Hassane El-Khoury, Cypress president and...

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