A10 Networks Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

A10 Networks (NYSE:ATEN) Full Year 2023 Results

Key Financial Results

• Revenue: US$251.7m (down 10% from FY 2022).
• Net income: US$40.0m (down 15% from FY 2022).
• Profit margin: 16% (in line with FY 2022).
• EPS: US$0.54 (down from US$0.62 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

A10 Networks EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for A10 Networks that you should be aware of before investing here.

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