F5 Earnings Reports

F5's first quarter revenue reached a record $766 million, reflecting an 11% year-over-year growth. This includes a 22% increase in software revenue and an 18% increase in systems revenue.

F5's Q4 revenue reached $747 million, a 6% increase year-over-year, driven by a 19% rise in software revenue. The company achieved revenue at the high end of its guidance for fiscal year 2024 and surpassed software growth expectations, resulting in double-digit earnings per share growth.

F5 reported strong Q3 FY24 results, with revenue at the top end of its guidance range, driven by software growth and global services. The company is raising its earnings growth expectations for the year, expecting approximately 12% non-GAAP earnings per share growth compared to fiscal year 2023.

F5 delivered a solid second quarter with revenue near the midpoint of guidance and earnings per share at the high end. Software subscription renewals continued to perform well, driving 20% total software revenue growth compared to a year ago, including 28% subscription revenue growth.

F5's Q1 FY24 revenue declined 1% year-over-year to $693 million. However, the company saw strong earnings growth, with GAAP EPS increasing by 93% and non-GAAP EPS increasing by 39% compared to the previous year. The company also delivered more than 1,000 basis points improvement in GAAP operating margin and more than 900 basis points improvement in non-GAAP operating margin year over year.

F5's Q4 2023 saw a 1% increase in revenue compared to the previous year, reaching $707 million. Software revenue grew by 11%, contributing to double-digit earnings per share growth. The company's focus on operating discipline enabled it to deliver fiscal year 2023 earnings per share in line with expectations.

F5 reported a 4% increase in third-quarter revenue compared to the previous year, reaching $703 million. The company's earnings per share were well above the high end of their guidance range. They are seeing some early signs of demand stabilization.

F5 reported an 11% increase in revenue for Q2 FY23, reaching $703 million, driven by strong systems shipments and global services. The company is prioritizing high-impact initiatives while reducing operating costs, including a workforce reduction of approximately 9%.

F5 reported a 2% increase in revenue for Q1 FY23, reaching $700 million. Global services revenue grew by 5%, while product revenue declined by 1%. The company expects revenue growth of 9% to 11% for the year and double-digit non-GAAP earnings growth.

F5 reported a 3% increase in revenue for the fourth quarter of fiscal year 2022, reaching $700 million. GAAP net income was $89 million, or $1.49 per diluted share, while non-GAAP net income was $158 million, or $2.62 per diluted share.

F5's Q3 2022 earnings showed a 4% increase in revenue compared to the previous year, reaching $674 million. The growth was primarily driven by a 38% increase in software revenue, while systems revenue declined due to semiconductor shortages. The company's GAAP net income was $83 million, or $1.37 per diluted share, while non-GAAP net income was $155 million, or $2.57 per diluted share.

F5, Inc. announced its fiscal second quarter results with a revenue of $634 million, a 2% decrease compared to the year-ago period. Software revenue grew by 40%, while systems revenue declined by 27% due to semiconductor component shortages. The company's GAAP net income was $56 million, or $0.92 per diluted share, compared to $43 million, or $0.70 per diluted share in the previous year. Non-GAAP net income was $131 million, or $2.13 per diluted share, compared to $155 million, or $2.50 per diluted share in the previous year.

F5's Q1 FY22 earnings showed strong performance with a 10% increase in GAAP revenue to $687 million. This growth was fueled by a 19% rise in product revenue and a 2% increase in global services revenue. Software solutions were particularly strong, with non-GAAP software revenue growing 47%.

F5 Networks reported strong fourth-quarter results, with an 11% increase in revenue compared to the previous year. Software revenue accounted for 45% of product revenue, with 80% of that software revenue coming from subscriptions. Skyrocketing application usage and heightened security awareness are driving strong demand for F5 solutions.

F5 reported strong third quarter results with a 12% increase in GAAP revenue and an 11% increase in non-GAAP revenue compared to the previous year. The growth was driven by a 21% increase in product revenue and a 4% increase in global services revenue.

F5's Q2 FY21 shows strong financial performance with an 11% increase in GAAP revenue, driven by significant growth in product revenue, particularly in software and systems. The company is benefiting from the increasing reliance on applications and the acceleration of digital transformation.

F5 Networks announced its financial results for the first quarter of fiscal year 2021, with revenue growth driven by software, systems, and global services.

F5's Q4 2020 revenue grew by 4% year-over-year to $615 million. The company's GAAP EPS was $1.26, while non-GAAP EPS was $2.43. F5 is transitioning into a software-led business, with growth driven by customer demand for multi-cloud application security and delivery services.

F5 Networks reported a 4% increase in GAAP and non-GAAP revenue, driven by strong software demand, with a 43% growth in non-GAAP software revenue. GAAP EPS was $1.14, and non-GAAP EPS was $2.18.

F5 Networks reported a 7% increase in GAAP revenue for the second quarter of fiscal year 2020, reaching $583.4 million. The company's non-GAAP revenue was $585.6 million, with a significant 96% growth in software revenue. GAAP net income was $61.4 million, or $1.00 per diluted share, while non-GAAP net income was $135.9 million, or $2.23 per diluted share.

F5 Networks reported a 5% increase in revenue, driven by a 50% growth in software solutions revenue. GAAP EPS was $1.62, and non-GAAP EPS was $2.55.