A10 Networks, Inc. (NYSE:ATEN) Q2 2020 Earnings Conference Call - Final Transcript

Jul 28, 2020 • 04:30 pm ET


A10 Networks, Inc. (NYSE:ATEN) Q2 2020 Earnings Conference Call - Final Transcript


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Good day and welcome to the A10 Networks Second Quarter 2020 Financial Results Conference Call.

[Operator Instructions]

I would now like to turn the conference over to Rob Fink of FNK IR. Please go ahead.

Rob Fink

Thank you, operator, and thank you all for joining us today. This call is being recorded and webcasted live and will be accessible for at least 90 days via A10 Networks website at a10networks.com. Hosting the call today are Dhrupad Trivedi, A10's President and CEO; and Tom Constantino, CFO.

Before we begin, I would like to remind you that shortly after the market closed today, A10 Networks issued a press release announcing its second quarter 2020 financial results. Additionally, the company published a presentation and supplemental trended financial statements to its website. You can access the press release, presentation and trended financial statements on the Investor Relations section of the website.

During the course of today's call, management will make forward-looking statements, including statements regarding their projections for future operating results, continued reductions in operating expenses; continued efforts to improve operational efficiency; their focus on driving growth, business optimization and overall profitability; their belief is that we can continue to build upon customer momentum going forward; and their expectations regarding future opportunities and their ability to execute on those opportunities; their expectations for future market growth and the general growth for its business; the development and performance of their products; and anticipated customer benefits from the use of their products, their expectations and priorities with respect to 5G.

These statements are based on current expectations and beliefs as of today, July 28, 2020. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond the company's control, such as the potential impact of COVID-19 pandemic, on the business and operations that could cause actual results to differ materially, and you should not rely on them as predictions for future events. A10 does not intend to update information contained in these forward-looking statements, whether as a result of new information, future events or otherwise.

For more detailed description of the risks and uncertainties please refer to the company's most recent 10-Q and 10-K. Please note with the exception of revenue, financial measures discussed today are on a non-GAAP basis and have been adjusted to exclude certain charges. The non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP, and may be different from non-GAAP financial measures presented by other companies.

A reconciliation between GAAP and non-GAAP measures can be found in company's press release issued earlier today and on the trended quarterly financial statements posted on the company's website.

With all that said, I'd like to turn the call over to Dhrupad, Dhrupad, the call is yours.

Dhrupad Trivedi

Thank you, Rob. And thank you all for joining us today. During the second quarter, we continue to make progress on our business transformation. While the environment remains highly fluid, with sales cycles elongated