F5 Networks (FFIV) cut at BofA on system risks

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Go back to F5 Networks (FFIV) cut at BofA on system risks

F5 Reports 4% Revenue Growth and Double-Digit Earnings Growth in Fiscal Year 2023 and 1% Revenue Growth and Double-Digit Earnings Growth in its Fourth Quarter

October 24, 2023 4:05 PM EDT

SEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its fourth quarter and fiscal year ended September 30, 2023.

In our fourth quarter, we delivered 11% software revenue growth, operating margin improvement, and double-digit earnings per share growth, said François Locoh-Donou, F5s President and CEO. Our focus on operating discipline enabled us to deliver fiscal year 2023 earnings per share in line with the high-end of our beginning of year expectations despite a challenging macroeconomic environment and resulting customer spending caution.

Fiscal Year 2023 Performance Summary

Fiscal year 2023 revenue grew 4% from the... More