F5 Networks (FFIV) Tops Q2 EPS by 11c, Q3 Guidance Misses

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Go back to F5 Networks (FFIV) Tops Q2 EPS by 11c, Q3 Guidance Misses

F5 Reports 11% Second Quarter Fiscal Year 2023 Revenue Growth; Company Prioritizing High-Impact Initiatives While Reducing Operating Costs

April 19, 2023 4:35 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its second quarter of fiscal year 2023.

We delivered 11% revenue growth in our second quarter as a result of stronger than expected systems shipments and strong global services performance, said François Locoh-Donou, F5s President and CEO. While customer spending remains pressured by macro-economic uncertainty near term, we are differentiated in our ability to help customers tackle the significant challenges ahead, including simplifying their hybrid and multi cloud application environments.

Second Quarter Performance Summary

Second quarter fiscal year 2023... More