F5 Networks (FFIV) Tops Q2 EPS by 12c; Guides Q3 Revenue Lower

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Go back to F5 Networks (FFIV) Tops Q2 EPS by 12c; Guides Q3 Revenue Lower

F5 Reports 40% Software Revenue Growth in its Fiscal Second Quarter

April 26, 2022 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its fiscal second quarter ended March 31, 2022.

Our strong 40% software growth enabled us to deliver above the midpoint of our revenue guidance and at the top end of our non-GAAP earnings per share guidance for the quarter, said François Locoh-Donou, F5s President and CEO. While our ability to ship systems remains constrained as a result of semiconductor component shortages, momentum in our software business is strong, driven by customers growing need for multi-cloud application security and delivery.

Second Quarter Performance... More