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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.
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.
Visualization of income flow from segment revenue to net income