F5 Networks (FFIV) Shares Surge 11% on Q3 Earnings Beat, Additional $1 Billion Buyback

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F5 Reports 4% Revenue Growth in its Fiscal Third Quarter, Including 38% Software Revenue Growth

July 25, 2022 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its fiscal third quarter ended June 30, 2022.

Customers depend on F5 to secure and deliver extraordinary digital experiences that drive their businesses and fuel their brands, said François Locoh-Donou, F5s President and CEO. Demand for security across all customer verticals fueled sales in our third quarter resulting in 4% total revenue growth despite ongoing semiconductor shortages.

Third Quarter Performance Summary

Third quarter fiscal year 2022 revenue grew 4% from the year ago period, to $674 million, up from $652 million in fiscal year 2021. Product... More