F5: Overview of First Fiscal Quarter Financial Results

F5 Networks Reports Strong First-Quarter Earnings

F5 Networks Inc., headquartered in Seattle, announced a net profit of $180.1 million for its fiscal first quarter.

The company revealed that its earnings amounted to $3.10 per share. After adjusting for one-time items and stock-based compensation, adjusted earnings reached $4.45 per share.

These results surpassed analyst expectations, as the consensus from seven Zacks Investment Research analysts had predicted earnings of $3.64 per share.

F5 Networks also reported quarterly revenue of $822.5 million, exceeding the $760 million forecasted by six analysts surveyed by Zacks.

Outlook for the Next Quarter

• Projected earnings per share for the quarter ending in March are expected to fall between $3.34 and $3.46.
• Revenue for the fiscal second quarter is anticipated to range from $770 million to $790 million.
• For the full fiscal year, the company forecasts earnings per share between $15.65 and $16.05.