Citi Upgrades F5 Networks (FFIV) to Neutral

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Go back to Citi Upgrades F5 Networks (FFIV) to Neutral

F5 Networks Announces Results for First Quarter of Fiscal 2016

January 20, 2016 4:05 PM EST

SEATTLE--(BUSINESS WIRE)-- For the first quarter of fiscal 2016, F5 Networks, Inc. (NASDAQ: FFIV) announced revenue of $489.5 million, reflecting 6 percent growth from $462.8 million in the first quarter of fiscal 2015.

GAAP net income was $89.7 million ($1.28 per diluted share), compared to $89.1 million ($1.21 per diluted share) in the first quarter a year ago. Excluding the impact of stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was $120.6 million ($1.73 per diluted share), compared to $114.2 million ($1.55 per diluted share) in the first quarter of last year.

A reconciliation of GAAP net income to non-GAAP... More