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Dec 31, 2019

F5 Q1 2020 Earnings Report

F5's first quarter of fiscal year 2020 demonstrated revenue growth of 5% and software growth of 50%.

Key Takeaways

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.

F5 Networks announced first quarter fiscal year 2020 results with 5% revenue growth.

Software revenue growth was 50% year-over-year.

GAAP EPS for the first quarter was $1.62 per diluted share.

Non-GAAP EPS for the first quarter was $2.55 per diluted share.

Total Revenue
$569M
Previous year: $544M
+4.7%
EPS
$2.55
Previous year: $2.7
-5.6%
Gross Profit
$481M
Previous year: $457M
+5.2%
Cash and Equivalents
$735M
Previous year: $480M
+53.2%
Free Cash Flow
$122M
Previous year: $177M
-31.2%
Total Assets
$3.88B
Previous year: $2.89B
+34.0%

F5

F5

F5 Revenue by Segment

Forward Guidance

For the second quarter of fiscal year 2020, F5 expects to deliver non-GAAP revenue in the range of $580 million to $590 million with non-GAAP earnings in the range of $2.14 to $2.17 per diluted share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income