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Jun 30, 2023
F5 Q3 2023 Earnings Report
F5's third quarter revenue grew, gross margin improved, and EPS exceeded guidance.
Key Takeaways
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.
Third quarter revenue grew 4% year-over-year to $703 million.
GAAP gross profit was $561 million, with a gross margin of 79.8%.
GAAP net income was $89 million, or $1.48 per diluted share.
Non-GAAP net income was $194 million, or $3.21 per diluted share.
Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal year 2023, F5 expects to deliver revenue in the range of $690 million to $710 million, with non-GAAP earnings in the range of $3.15 to $3.27 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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