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Dec 31, 2024
F5 Q1 2025 Earnings Report
F5's alignment with hybrid multicloud trends contributed to record first quarter results with 11% revenue growth, including 22% software revenue growth and 18% systems revenue growth.
Key Takeaways
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 Q1 revenue totaled $766 million, up from $693 million in the first quarter of fiscal year 2024.
Software revenue grew by 22% to $209 million, while systems revenue increased by 18% to $160 million compared to the previous year.
GAAP gross profit was $626 million, with a gross margin of 81.7%, compared to $556 million and 80.3% in the year-ago period.
GAAP net income was $166 million, or $2.82 per diluted share, compared to $138 million, or $2.32 per diluted share, in the first quarter of fiscal year 2024.
F5
F5
F5 Revenue by Segment
Revenue by Segment
Services Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal year 2025, F5 expects to deliver revenue in the range of $705 million to $725 million, with non-GAAP earnings in the range of $3.02 to $3.14 per diluted share. For fiscal year 2025, F5 raised its revenue growth expectations to 6% to 7% growth from fiscal year 2024, up from its prior guidance of 4% to 5% growth. The company also raised its fiscal year 2025 non-GAAP earnings per share expectations to reflect 6.5% to 8.5% growth over fiscal year 2024, up from its prior guidance of 5% to 7% growth.