F5 Networks (FFIV) Tops Q4 EPS by 6c; Guides Above Views

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Go back to F5 Networks (FFIV) Tops Q4 EPS by 6c; Guides Above Views

F5 Delivers 5% Revenue Growth in Fiscal Year 2020 on Building Software Momentum

October 26, 2020 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5 Networks, Inc. (NASDAQ: FFIV) today announced financial results for its fiscal fourth quarter and year ended September 30, 2020.

F5 is well on its way to becoming a software-led business, with customer demand for our multi-cloud application security and delivery services driving 5% GAAP and non-GAAP annual revenue growth in fiscal year 2020, said François Locoh-Donou, president and CEO of F5. Going forward, we expect continued robust software growth from a more diversified base of subscription and SaaS revenue, a software subscription renewals flywheel that is starting to turn with momentum, and true-forward... More