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F5 Networks (FFIV) Tops Q4 EPS by 9c; Guides Q1 In-Line

October 29, 2014 4:10 PM

F5 Networks (NASDAQ: FFIV) reported Q4 EPS of $1.57, $0.09 better than the analyst estimate of $1.48. Revenue for the quarter came in at $465.3 million versus the consensus estimate of $460.7 million.

F5 Networks sees Q1 2015 EPS of $1.46-$1.49, versus the consensus of $1.48.

“The fourth quarter of fiscal 2014 was a solid finish to a year characterized by positive customer and partner response to our Synthesis architecture, the array of new products we rolled out in fiscal 2013, our Good Better Best pricing strategy, and the enhanced capabilities of our BIG-IQ management platform,” said John McAdam, F5 president and chief executive officer.

“During the quarter, product revenue grew 20 percent from the fourth quarter of 2013, driven by strong sequential growth of Enterprise sales in the Americas and solid year-over-year growth in EMEA and APAC. Contributing to that growth, rising concern over the increasing number and variety of security threats helped stimulate demand for our security solutions and drive sales of our Better and Best software bundles, which include our most popular security products. This quarter, we will expand our portfolio of security offerings with the launch of our WebSafe and MobileSafe anti-malware solutions, available as software modules on TMOS, and Defense.Net, cloud-based DDoS protection that complements our on-premise DDoS solution.

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

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