Good afternoon, and thank you for attending today's A10 third quarter 2022 financial results conference call. My name is Austin, and I shall be your moderator for today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you'd like to ask a question, please press star one on your telephone keypad. I would now like to pass the conference over to our host, Rob Fink. Rob, you may proceed. Thank you, operator, and thank you all for joining us today. This call is being recorded and webcasted live and may be accessed for at least 90 days via the A10 Networks investor relations website at a10networks.com. Hosting the call today are Dhrupad Trivedi, A10's President and CEO, and CFO Brian Becker. Before we begin, I would like to remind you that shortly after the market closed today, A10 Networks issued a press release announcing its third quarter 2022 financial results. Additionally, A10 published a presentation and supplemental trended financial statements. You may access the press release presentation and trended financial statements on the investor relations section of the company's website. During the course of today's call, management will make forward-looking statements, including statements regarding projections for future operating results, including revenue growth, industry and customer trends, focus on an investment in the go-to-market strategy and infrastructure, its capital allocation strategy, M&A opportunities, supply chain constraints, and expectations positioning for the repurchase and dividend programs, and its market share. These statements are based on current expectations and beliefs as of today, November 1, 2022. These forward-looking statements involve a number of risks and uncertainties, some of which are beyond our control, such as the potential impact of the COVID-19 pandemic on business and operations that could cause actual results to differ materially. You should not rely on them as predictions of 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, unless required by law. For a more detailed description of these risks and uncertainties, please refer to A10's most recent 10-K. Please note that 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 the press release issued today and on the trended quarterly financial statement that's posted on the company's website. Now, I would like to turn the call over to Dhrupad Trivedi. Dhrupad, the call is yours. Thank you, Rob, and thank you all for joining us today. A10 continues to deliver strong revenue growth and earnings power. The third quarter was our eleventh consecutive quarter of meeting revenue and EPS consensus expectations. We are achieving this consistency despite a global pandemic, economic volatility, higher interest rates, and supply chain challenges. This is a testament to the business we have built upon a great technical foundation and to a team that relentlessly delivers excellence. We have proven that our business can be durable, leveraging differentiators to drive success even amidst unprecedented challenges. Today, A10 is a security-focused organization, building cybersecurity into everything we do while building upon our deep networking expertise and global customer footprint. This positioning is evident in our business model as our growth and operating margins reflect proprietary security-led solutions and strong customer demand for cybersecurity and infrastructure solutions. By design, we are not reliant on any single geographic region, and in fact, we are generating growth in nearly every region of the world despite foreign currency headwinds. To the best of our ability, we have built a risk-mitigated business model largely insulated from volatility in any specific region, product category, or customer consumption model. We sell to two main customer groups, enterprises and service providers. Within these two groups, our business is aligned with two secular tailwinds, infrastructure and cybersecurity. In the first half of 2022, the economy impacted enterprise spending, while service provider revenue continued to grow, providing a balanced model. In the third quarter, revenue from enterprise customers represented our faster-growing customer segment, demonstrating that balance in our strategy. Both enterprise and service provider segments grew in the third quarter, and we continue to see demand from US large enterprises align with the secular tailwind for our security-led solutions. I'd like to highlight two wins that came from our enterprise segment. Where A10 is gaining market share by delivering a superior solution for the customer and exceeding performance criteria in head-to-head testing for critical customer needs. One of A10's largest transactions for Q3 came via one of the world's top digital advertising platform companies. Our customer had an urgent need to rapidly upgrade its infrastructure in order to support added features and enhance functionality, including security for its end customers. A10's high throughput, low latency solution, which also supports security encryption across this customer's network infrastructure, ensured the customer's existing revenue streams while expanding their ability to generate new revenue streams. Another key customer win came from one of the largest government agencies in Europe. This existing customer had a relatively small product footprint with A10, but had an urgent need to expand its deployment in support of a new online filing mandate on the country's citizens and businesses with a very tight deadline. A10 was able to service this customer's critical technological need for high volume and security, and we were able to deliver this solution within their required time frames. Similar to the first example, our solution helped this enterprise to ensure the ability to expand and capture new revenue streams while actually improving their network performance. Today, A10 works with nine of the top ten wireless carriers, four of the top six banks, three of the top five web giants, dozens of financials and educational institutions, and several government agencies. Our customer base is clearly diversified. We are not reliant on any single customer or small group of customers to achieve our results. Our revenue growth continues to be driven by our proprietary security-led product revenue, which on a trailing 12-month basis is now up 21%, backed by secular tailwinds and a series of product innovations which were continually delivered by A10. Overall product revenue, which is a leading indicator of future recurring revenue, increased 13% versus Q3 of 2021. This success is due to our ability to combine networking expertise with the security needs of our customers. The need for cybersecurity infrastructure continues to evolve and grow. Global geopolitical events serve as a near-term catalyst for this growth. Cybersecurity solutions are being prioritized even amidst higher interest rates and ongoing economic challenges, because these threats are now viewed as an enterprise-level risk. Our product and technology roadmap deeply integrates infrastructure and security needs on a common platform, delivering increasing efficacy and value to our customers. Our quarterly revenues increased 10.2% year over year, in line with our target ranges. Non-GAAP operating gross margin was better than 80%, driving record levels of operating income and non-GAAP EBITDA of 29.5%. This is a result of our focus on customer-centric innovation and delivering productivity across all functional areas. We ended the quarter with nearly $128 million in cash, even after repurchasing more than $47.5 million in stock in the quarter. We continue to maintain a fortress balance sheet. We have also demonstrated a proven business model with the bottom line growing faster than our top line. We continue to maintain a disciplined, flexible, and opportunistic capital allocation strategy. The share purchase in this quarter was an example of this. Our quarterly dividend is another example. Today, we announced that our board approved a 20% increase in our quarterly dividend from $0.05 per share to $0.06 per share. Additionally, we announced a new $50 million share repurchase authorization. At the same time, we continue to increase our investments for organic growth in R&D and sales and marketing. Our year-to-date performance and customer traction reinforces our expectation that we can achieve our full-year target of revenue growth of 10%-12% and EBITDA in the range of 26%-28%. This outlook fully incorporates foreign currency headwinds. With that, I'd like to turn the call over to Brian for a detailed review of the quarter. Brian. Thank you, Dhrupad. Third quarter revenue was a record $72.1 million, up 10.2% year-over-year. Product revenue for the quarter was $45.1 million, representing 62.6% of total revenue, up 13.3% year-over-year. Services revenue, which includes maintenance and support revenue, was $27 million, or 37.4% of total revenue. Moving to our revenue from a geographic standpoint, revenue from the Americas, including Latin America, was $36 million, up 11.6%. Revenue from EMEA was $11.2 million compared to $11 million last year, up 2%. Revenue from Asia-Pacific, including Japan, was $24.9 million, up 12.4% compared to $22.1 million in the third quarter last year. On a constant currency basis, revenue in Japan increased 15% year-over-year in Q3. For reference, on a constant currency basis, A10 consolidated revenue has grown approximately 16% year to date. As you can see on our balance sheet, our deferred revenue was $126 million as of September 30, 2022, up 8% year over year. On a constant currency basis, deferred revenue would have increased 10% year over year, in line with overall revenue growth. With the exception of revenue, all the metrics discussed on this call are on a non-GAAP basis unless otherwise stated. A full reconciliation of GAAP to non-GAAP results are provided in our press release and on our website. Gross margin in the third quarter was 80.2%. As Dhrupad mentioned, we continued to successfully mitigate the impact of industry-wide global supply chain constraints and input cost increases. Non-GAAP operating expenses in Q3 were $38.3 million, compared to $38.1 million in the third quarter last year, reflecting strategic investments in our growth priorities, including cybersecurity technology and commercial execution. We reported $19.5 million in non-GAAP operating income, our highest quarterly result to date, up 34.2% compared with $14.5 million in the year ago quarter. Adjusted EBITDA was $21.3 million for the quarter, also a record, reflecting 29.5% of revenue. Non-GAAP net income for the quarter was $15.9 million, or $0.20 per share, up 18% from $0.17 per share in the third quarter of 2021. Diluted weighted shares used for computing non-GAAP EPS for the third quarter were approximately 77.7 million shares, compared to 79.9 million shares in the year ago quarter. On a GAAP basis, net income for the quarter was $12.1 million, or $0.16 per share, compared with net income of $74.9 million, or $0.94 per share in the third quarter last year. As a reminder, in the year ago quarter, we recognized a non-recurring income tax benefit of $65.4 million, which represented approximately $0.82 per share. When adjusted for this income tax benefit, our EPS increased from $0.12 per share to $0.16 per share this quarter. Turning to the balance sheet. As of September 30th, 2022, we had $127.8 million in total cash and cash equivalents, compared to $166.8 million at the end of the previous quarter. During the quarter, we repurchased $47.5 million in shares at an average price of $12.77, and paid $3.8 million in cash dividends issued in the third quarter. We continue to carry no debt. As Dhrupad mentioned, the board has approved a 20% increase in our quarterly cash dividend to $0.06 per share to be paid on December 1st, 2022 to shareholders of record on November 15th, 2022. The board also approved a new $50 million share repurchase plan. As Dhrupad mentioned, we are still well-positioned to achieve our full year revenue target of 10%-12% growth and full year adjusted EBITDA margin of 26%-28%. I'll now turn the call back over to Dhrupad for closing comments. Thank you, Brian. First, I want to thank all the global employees of A10 for continued performance in challenging and sometimes difficult situations. I'm proud of A10's ability to continue to perform better than the overall industry. This performance is due in large part to a highly differentiated technical platform, combined with our ability to achieve diversification in all aspects of our business. Our security-led solutions are in demand across all customer segments and each of our target geographies. We also maintain discipline in our execution, managing costs while investing to bolster our differentiation and successfully navigating ongoing supply chain challenges. Our solutions are well aligned with durable secular catalysts, which results in sustainable performance. Operator, you can now open the call for questions. Thank you. If you'd like to ask a question, please press star followed by one on your telephone keypad. If for any reason you would like to remove that question, please press star followed by two. Again, to ask a question, it is star one. If you're using a speakerphone, please remember to pick up your handset before asking your question. We will pause here briefly as questions are registered. Our first question is from Christian Schwab from Craig-Hallum. Christian, your line is open. Thank you. Congrats on another solid quarter. As we look to next calendar year, you know, would you guys anticipate You know, the security-led solutions to drive, you know, strong double-digit growth in the enterprise like we've been experiencing. Yeah. Thank you, Christian. I think I would say we don't necessarily view it that way, although we do see the large enterprise segment continuing to be more balanced with our service provider outlook. I think the goal for us is obviously to deliver consistent performance regardless of the vertical. I think in the large enterprise segment, we definitely see traction and momentum led by security, and we expect to see that not just in North America, but also globally. We are certainly optimistic about it, and we feel good that on a combined basis we are well-positioned to get to, you know, the 10%-12% range in addition to overcoming FX headwinds. Great. Is there any particular spending patterns or customer spending patterns in the service provider area, you know, that could be, you know, positive for the complex, you know, as we look into the next calendar year? Yeah, no. Good question. When we look at service provider spending patterns, you know, predominantly there is an infrastructure build-out that is CapEx driven. However, because of the nature of our product, we continue to be relevant to them, even as they add more subscribers and handle more data, and so forth, right? We see that as a balance of when interest rates might drive fear of CapEx right now, but it's not as challenging to maybe do an expansion or enhancement of the network. Beyond that, I think we certainly see service providers in general be more and more concerned about cybersecurity as it directly impacts their network performance and therefore their ability, right, to monetize it and generate revenue. That's something we see as a more secular pattern. The CapEx obviously follows a little bit cyclical trends, but to the degree we are relevant to them, not just in the first build-out, is important to us, and we continue to try to expand, you know, more things we can do with them. Great. Thank you. You know, congratulations on the strong capital allocation, continually buying back your stock, re-upping another buyback, raising the dividend. Are you guys beginning to look at or explore, you know, potential, you know, M&A as a way to complement the product portfolio or expand growth potential for the company? Or are we still just focused on continuing to do a great job blocking and tackling running our own business? Yeah. I think good question, and I think, you know, as certainly you saw, we were not programmatic, but kind of opportunistic as well as watching the market in such a volatile environment on the buyback, right? Therefore, having the buyback gives us that ability to respond when the timing is right. As we look at our priorities, I think if you look at our, you know, non-GAAP spending patterns, our R&D and sales and marketing is up about 7-8% year-over-year, while we generate, you know, productivity in G&A and other functions to do that. Because our goal is first priority is to invest in organic growth because that is the most efficient. When we look at our customer base around the world of about 7,000 customers in many different verticals, we think there is a fair amount of room for us to continue expanding our product portfolio and customer penetration. As we deliver more and more software, I think what is not apparent is a lot of the new wins that are fueling our growth came from innovations and releases that we made in the last 12-18 months, right? We continue to invent and add to what we do. At the same time, of course, we are interested and open to looking at ways to accelerate our growth through inorganic means, but the filters there would have to be, it has to be aligned with strategy. Second, right, it has to have the right profile on what we can deliver, from a financial perspective as well. We, of course, continue to look at deals, and I have done those kind of roles before, so high degree of comfort in looking at them. But if we conclude organic growth is a good idea, we'll keep going till we find something better. Great. Congrats again on the good solid results. No other questions. Thank you. Thanks. Our next question is with Hamed Khorsand from BWS Financial. Hamed, your line is open. Hi. First question was, just given the gravity of how cybersecurity is really the primary spending spot, are you seeing more competition? Are you seeing a pricing compression or, you know, customers taking a long time because there's you know, more you know, new entrants in the same bid that weren't there before? Thank you, Hamed. Good question. I think for us, the phenomenon is, you know, if you look at cybersecurity as a general category, there are several different segments of it, right? You have endpoint security, identity management, and we participate in networking security. I think endpoint security is the one where you hear about, you know, hundreds of companies competing all the time with new buzzwords. That is not the sweet spot for us. Our focus is where we can take our understanding of networking traffic, implied performance impact, and bring intelligence into what affects performance, what can be detected and remediated quickly. In that segment, I would say, certainly, you know, we are not seeing any change in the competitive landscape. I think we see more maybe slightly positive for us as we continue to add more capabilities into that platform for our customers. I think the price compression is always there in any competitive dynamic, but our goal is to manage it in a way where we are able to offset it with productivity and other measures that allow us to maintain the gross margin, right? You can see gross margin still remains stable, so we don't see a risk where that's a concern. Lastly, I think as you talked about the deal cycle, we certainly saw some slowdown earlier in the year, but I would say those cycles are generally normalizing. It's impossible for me to predict what will happen after any announcement tomorrow from the Fed. In advance of that, I would say we certainly see our competitive positioning improving, and we don't try to participate, right, in every focus area or vertical. We are very targeted on where we generate value, where we are highly differentiated. We don't see anything negative so far. If anything, we see our position getting stronger. Okay. It sounds like you don't have a 10% customer anymore. Did they reduce their spending, or have they just been squeezed out with more of your other customers with growing their spending with you? Yeah. I think we have had a 10% customer, but typically they are like 10-point something usually. It's not always the same one, right? I think, Brian, this quarter we had one in that category. We had one. Correct. Yes. It's not the same one every quarter. That's right. Given that you're saying there's no concentration of the customers, do your top five customers make up, you know, 50% of your sales, or is there more? No. You know, diversification on that? No. Yeah, I think roughly top 10 customers make up, like, 35%. Yeah. It varies. Yeah. between quarters. Sometimes That's right. A larger number of customers make up a large portion of revenue. Yeah. depending on the cycles. If you average over 8 quarters, that's probably kind of where it is, yeah. Okay. That's helpful. Thank you. Sure. No problem. Thank you. Our next question is from Anja Soderstrom from Sidoti. Anja, your line is open. Hello. All right, this is Stephan Gill on for Anja Soderstrom. How are you? Hi. Welcome. Thank you. I guess my first question is, are you seeing any inflationary pressures? Yeah, of course, we are, right? We are not immune to the normal environment. We see inflationary pressure in shipping and logistics, warehousing, supply chain, labor, engineering, right? Of course, we are not immune to the same inflationary pressures as everyone else. I think, our goal is we continue to try to offset that with productivity. You know, we have generally always generating new measures and ideas for how to offset that. Yeah, we definitely have the same pressures on materials and people costs. Thank you. My next question is, how do you think you will fare if we basically head into a recession? Yeah. I think, you know, I would say if you look at our product portfolio, typically the way our products are positioned is, one, today where we are successful is because we are helping customers add capacity or security in the most efficient way without ripping everything and building a new network. I think that's a pretty prudent approach that a lot of CIOs and CFOs will take if they're concerned about outlook and downturn because this is still critical to their ability to operate, right? We are not based on a value proposition of wouldn't it be nice to do X. We are in the value proposition of we need to do X, right? I do think that when you look at the kind of growth in volume and sophistication of cyberattacks and a lot of the kind of mandates or prescriptions around what people need to do to protect infrastructure as well as operations, we believe that that will be one of the categories that will still be above the red line in case of a recession. We are very focused on how do we create value for our customers as they face that, and that's how we plan to do it, right? Of course, our global footprint helps further diversification where we don't expect all regions in the world to have the same, you know, GDP trend line all the time. All right. Thank you so much for taking my questions. Thank you. Our next question is from Hendi Susanto from Gabelli Funds. Hendi, your line is open. Good evening, Dhrupad, Brian, and Rob. Hendi. My first question. Hi, Hendi. Dhrupad, you mentioned A10 major investment in growth opportunity. What are the areas of your major investments? In the past, A10 has mentioned security subscription offerings. Would you be able to elaborate more on where you invest for organic growth opportunity? Sure, yeah. I think, you know, for us, obviously, as it relates to cybersecurity, where we are investing is in new capabilities, whether it relates to, you know, managing encryption algorithms, like SSLI products or DNS products, offering east-west protection in addition to north-south. It's a wide range of things, right, that we continue to add capabilities, which by the way, would typically be done by a standalone startup otherwise. These are, you know, the reasons why our customers look at us, they continue to expand what they do and align on the roadmap. As it relates to combining security with network infrastructure, our investments are in ways to combine the best way software with hardware to drive lowest latency and cutting-edge performance. An example of that is, you know, it's a long investment and program to deliver very, very high-performance products for high-frequency trading, for example, right? That needs a lot of engineering, it needs a lot of innovation and research, and our technical teams continue to drive that. That's some examples of where our investments are aligned with our differentiation. Our differentiation is better ability to detect and remediate cyberattacks and to provide the highest throughput, lowest latency infrastructure. Got it. Then Brian, one question's about currency. How did A10 manage the strong USD appreciation in Japan? Like, do you split the currency appreciation between A10 and customers? Or like how? Essentially, like, how do you mitigate the strong USD appreciation? Yeah. No, great question. It's been very difficult for us to navigate. Most of our customers in Japan, we do deal in Japanese yen. You know, given the nature of our service provider clientele in Japan, it's not surprising. Yeah, I think I mentioned that we lost revenue and deferred revenue accordingly, to the magnitude of 2% in total on both deferred and overall top line. It was not, you know, an easy navigation that we've accomplished, but I think to Dhrupad's point about diversification across geographies and customer verticals, that allowed us to overcome some of those headwinds. Yeah, it wasn't something that we were able to escape. Well, I mean, it's 100% absorbed by A10, Hendi. Yeah. We still delivered the growth by growing faster in other regions. Yes. I see. Brian, you may have mentioned this, and I may have missed this. Well, what is the recurring revenue by the end of the third quarter? Yeah. No. You know, recurring revenue is both a combination of support contracts and subscription contracts. The subscription part is a small portion of it, but it's right on our income statement. You know, about a little less than half our revenue is recurring revenue, and it continues to be pretty stable portion of our business. Got it. Okay. Yeah. Dhrupad, will it be reasonable to assume that you are winning market shares considering the top-line growth execution that you have been delivering? If yes, could you point out, like, where you believe A10 is gaining market shares? Sure, yeah. I think, you know, the way internally we measure, right, performance and drive it is we look at market indices that tell us what the market is growing at or lead indicators of that type. Second, of course, we look at our peer group, and I think you guys all know those peers that we're always being asked about. When we look at, you know, relative to that peer group revenue growth this year-over-year, as well as if you look at market indices like Gartner IT spending or CapEx for telcos and things like that, we believe that growing at 10%-12% represents us driving improving commercial execution and product portfolio that helps us grow faster. Just mathematically, right, if our average peer group is growing low single digits, we feel pretty good about it. Most importantly, when we are at customers, as we continue to replace competitors or win new business with a customer that, you know, didn't even exist before, we think that's another way for us to gain market share as well. I think, you know, obviously, you guys know well all the typical players in this space. We feel generally pretty well that in both enterprise and SP segment, we continue to, you know, execute well, and we are making good progress. Thank you, Dhrupad. Thank you, Brian. Thank you, Hendi. That concludes our Q&A. I would like to hand the conference back to Dhrupad for any closing remarks. Thank you, and thank you to all of our shareholders for joining us today and for your continued support. Thank you. That concludes today's call. Thank you for your participation. You may now disconnect your lines.