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Dec 31, 2020
F5 Q1 2021 Earnings Report
Delivered 10% revenue growth in its first quarter fiscal year 2021.
Key Takeaways
F5 Networks announced its financial results for the first quarter of fiscal year 2021, with revenue growth driven by software, systems, and global services.
GAAP revenue was $625 million, up from $569 million in the first quarter of fiscal year 2020.
Non-GAAP revenue was $626 million, up from $569 million in the year ago period.
GAAP net income was $88 million, or $1.41 per diluted share compared to first quarter fiscal year 2020 GAAP net income of $99 million, or $1.62 per diluted share.
Non-GAAP net income was $161 million, or $2.59 per diluted share, compared to $155 million, or $2.55 per diluted share, in the first quarter of fiscal year 2020.
Revenue by Segment
Forward Guidance
For the second quarter of fiscal year 2021 ending March 31, 2021, F5 expects to deliver revenue in the range of $625 million to $645 million with non-GAAP earnings in the range of $2.32 to $2.44 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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