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Sep 30, 2021
F5 Q4 2021 Earnings Report
F5 reported an 11% revenue increase in the fourth quarter, driven by robust software and systems demand.
Key Takeaways
F5 Networks reported strong fourth-quarter results, with an 11% increase in revenue compared to the previous year. Software revenue accounted for 45% of product revenue, with 80% of that software revenue coming from subscriptions. Skyrocketing application usage and heightened security awareness are driving strong demand for F5 solutions.
F5's Q4 revenue grew by 11% year-over-year.
Software revenue represents 45% of product revenue.
80% of software revenue is subscription-based.
Strong demand for F5 solutions is driven by application usage and security awareness.
Revenue by Segment
Forward Guidance
For the first quarter of fiscal year 2022 ending December 31, 2021, F5 expects to deliver revenue in the range of $665 million to $685 million, with non-GAAP earnings in the range of $2.71 to $2.83 per diluted share. For fiscal year 2022, F5 expects to deliver revenue growth of 8% to 9%, including software revenue growth of 35% to 40%.
Positive Outlook
- Revenue in the range of $665 million to $685 million.
- Non-GAAP earnings in the range of $2.71 to $2.83 per diluted share.
- Revenue growth of 8% to 9%.
- Software revenue growth of 35% to 40%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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