F5 Networks (FFIV) Tops Q4 EPS by 27c, Beats on Revenues; Offers 1Q19 EPS Outlook Above Consensus

F5 Networks (NASDAQ: FFIV) reported Q4 EPS of $2.90, $0.27 better than the analyst estimate of $2.63. Revenue for the quarter came in at $562.7 million versus the consensus estimate of $561.25 million.

"Our 5% year over year revenue growth in the fourth quarter was driven by demand for F5’s software solutions which provide mission-critical application and security services in evolving multi-cloud environments," said François Locoh-Donou, F5 President and Chief Executive Officer. "In addition, during the quarter the team drove strong operating performance across the business, resulting in record non-GAAP fourth quarter earnings."

"Building on the momentum of our Cloud Edition and new stand-alone security offerings introduced in fiscal year 2018, we have new offerings planned for 2019 including Cloud-Native Applications Services and F5aaS," continued Locoh-Donou. "We expect demand for these new offerings, along with additional new security products and solutions, to be key drivers of our future growth."

GUIDANCE:

F5 Networks sees Q1 2019 EPS of $2.51-$2.54, versus the consensus of $2.47. F5 Networks sees Q1 2019 revenue of $542-552 million, versus the consensus of $546.52 million.

For earnings history and earnings-related data on F5 Networks (FFIV) click here.

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