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A10 Networks, Inc. Annual Report 2024
ANNUAL REPORT | 2024 A10 Headquarters A10 Networks 2300 Orchard Pkwy, San Jose, CA 95131 Phone: +1 (408) 325-8668 Fax: +1 (408) 325-8666 A10Networks.com 2025 A10 Networks, Inc. All rights reserved. A10 Networks, the A10 Networks logo, ACOS, Thunder, Lightning, Harmony and SSL Insight are trademarks or registered trademarks of A10 Networks, Inc. in the United States and other countries. All other trademarks are property of their respective owners. A10 Networks assumes no responsibility for any inaccuracies in this document. A10 Networks reserves the right to change, modify, transfer, or otherwise revise this publication without notice. For the full list of trademarks, visit: A10Networks.com/A10-trademarks.
ANNUAL REPORT | 2024 Letter from the CEO, Dhrupad Trivedi To Our Stockholders 2024 was a year that validated our strategy and focus on operational excellence as we navigated challenging market conditions in our service provider customers. We responded to the slowdown in spending from service providers by accelerating investments to drive demand from enterprise customers and we made great progress growing our footprint. Security and AI-related investments are increasingly serving as a catalyst for spending as customers expand their use of hybrid cloud and increase their focus on cybersecurity. Our solution set is well-aligned with both secular trends building upon our core technology and differentiation. In the fourth quarter of 2024, we announced our blueprint to secure and deliver AI applications and extend our A10 Defend security portfolio with additional capabilities for bot protection, hybrid DDoS mitigation, as well as the centralized management of all our products with A10 Control. We believe we have a compelling offering for enterprise customers, and we are investing heavily to bolster our suite of solutions to align with AI trends. We continue to focus on operational execution, and we believe our diversified business model helps us navigate short-term fluctuations in spending priorities, maintain profitability and outperform our peer group. We continue to focus on strengthening our customer relationships, increasing company value and driving sustainable growth. As we look to 2025, our strategic plan is based on three key areas. Grow the enterprise business We are placing significant effort and resources in expanding our footprint in the enterprise customer segment, while also increasing customer adoption across our hybrid cloud, security and AI-related solutions to solve their key challenges. Expand the use of AI We are driving investments in AI-ready solutions to help our customers secure their AI applications and enable AI-ready data center infrastructures. Grow the security portfolio and revenue We continue to invest in and expand our security solution portfolio to help our customers better address the rapidly expanding threat landscape, including addressing new AI-powered cyber threats.
ANNUAL REPORT | 2024 Our results exiting 2024 are a positive indicator heading into 2025, and we believe validates the durability of our business model. We believe our outlook is bolstered by an improving competitive position with both customer segments and a clear strategy for revenue growth and continued profitability which we believe provides the foundation for our mission to help enable business-critical networks that are secure, available, and efficient. Thank you for your trust and support. Dhrupad Trivedi President, Chief Executive Officer and Chairperson A10 Networks Forward-looking Statements We have included in this letter forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933. These forward-looking statements may be identified by terms such as anticipate, believe, foresee, expect, remain, may, will, provide, could and should and the negative of these terms or other similar expressions. These forward-looking statements include, but are not limited to, statements regarding industry trends, our company vision, positioning, strategy, focus, growth, and economic outlook. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Factors that may cause actual results to differ include the risks discussed in Risk Factors in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. We expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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ATEN Shareholder/Stockholder Letter Transcript:

A10 Networks, Inc.
Annual Report
2024

ANNUAL REPORT | 2024
A10 Headquarters
A10 Networks
2300 Orchard Pkwy,
San Jose, CA 95131
Phone: +1 (408) 325-8668
Fax: +1 (408) 325-8666
A10Networks.com
  2025 A10 Networks, Inc. All rights reserved.
A10 Networks, the A10 Networks logo, ACOS, Thunder, Lightning, Harmony and SSL Insight
are trademarks or registered trademarks of A10 Networks, Inc. in the United States and
other countries. All other trademarks are property of their respective owners. A10 Networks
assumes no responsibility for any inaccuracies in this document.
A10 Networks reserves the right to change, modify, transfer, or otherwise revise
this publication without notice. For the full list of trademarks, visit:
A10Networks.com/A10-trademarks.

ANNUAL REPORT | 2024
Letter from the CEO,
Dhrupad Trivedi
To Our Stockholders
2024 was a year that validated our strategy and focus on operational excellence
as we navigated challenging market conditions in our service provider
customers. We responded to the slowdown in spending from service providers
by accelerating investments to drive demand from enterprise customers and we
made great progress growing our footprint. Security and AI-related investments
are increasingly serving as a catalyst for spending as customers expand their
use of hybrid cloud and increase their focus on cybersecurity. Our solution set
is well-aligned with both secular trends building upon our core technology and
differentiation.
In the fourth quarter of 2024, we announced our blueprint to secure and deliver
AI applications and extend our A10 Defend security portfolio with additional
capabilities for bot protection, hybrid DDoS mitigation, as well as the centralized
management of all our products with A10 Control. We believe we have a compelling
offering for enterprise customers, and we are investing heavily to bolster our suite
of solutions to align with AI trends.
We continue to focus on operational execution, and we believe our diversified
business model helps us navigate short-term fluctuations in spending priorities,
maintain profitability and outperform our peer group. We continue to focus on
strengthening our customer relationships, increasing company value and driving
sustainable growth.
As we look to 2025, our strategic plan is based on three key areas.
Grow the enterprise business     We are placing significant effort and resources in
expanding our footprint in the enterprise customer segment, while also increasing
customer adoption across our hybrid cloud, security and AI-related solutions to
solve their key challenges.
Expand the use of AI     We are driving investments in AI-ready solutions to
help our customers secure their AI applications and enable AI-ready data center
infrastructures.
Grow the security portfolio and revenue     We continue to invest in and expand
our security solution portfolio to help our customers better address the rapidly
expanding threat landscape, including addressing new AI-powered cyber threats.

ANNUAL REPORT | 2024
Our results exiting 2024 are a positive indicator heading into 2025, and we believe
validates the durability of our business model. We believe our outlook is bolstered
by an improving competitive position with both customer segments and a clear
strategy for revenue growth and continued profitability which we believe provides
the foundation for our mission to help enable business-critical networks that are
secure, available, and efficient.
Thank you for your trust and support.
Dhrupad Trivedi
President, Chief Executive Officer and Chairperson
A10 Networks
Forward-looking Statements
We have included in this letter    forward-looking statements,    within the meaning of Section 27A of the Securities Act of 1933. These
forward-looking statements may be identified by terms such as anticipate, believe, foresee, expect, remain, may, will, provide, could
and should and the negative of these terms or other similar expressions. These forward-looking statements include, but are not
limited to, statements regarding industry trends, our company vision, positioning, strategy, focus, growth, and economic outlook.
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on assumptions that may
prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking
statements. Factors that may cause actual results to differ include the risks discussed in    Risk Factors    in our filings with the
Securities and Exchange Commission, including our annual report on Form 10-K and quarterly reports on Form 10-Q. We expressly
disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable law.



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