F5 Networks (FFIV) Tops Q2 EPS by 5c, Offers Q3 Guidance and Approves $1B Buyback

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Go back to F5 Networks (FFIV) Tops Q2 EPS by 5c, Offers Q3 Guidance and Approves $1B Buyback

F5 Networks Announces Results for Second Quarter of Fiscal 2016

April 20, 2016 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- For the second quarter of fiscal 2016, F5 Networks, Inc. (NASDAQ: FFIV) announced revenue of $483.7 million, up 2 percent from $472.1 million in the second quarter of fiscal 2015.

GAAP net income was $75.4 million ($1.11 per diluted share), compared to $85.7 million ($1.18 per diluted share) in the second quarter a year ago. This result reflects the jury verdict and other associated costs with that patent litigation during the quarter.

Excluding the impact of this patent litigation expense, stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was $114.0 million ($1.68 per diluted share), compared to... More