F5 Networks (FFIV) stock gains 9% on lifted full-year outlook; Analysts remain cautious

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Go back to F5 Networks (FFIV) stock gains 9% on lifted full-year outlook; Analysts remain cautious

F5 Reports Strong Earnings Growth in its First Quarter of Fiscal Year 2024

January 29, 2024 4:05 PM EST

SEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its first quarter ended December 31, 2023.

Our team delivered solid first quarter results, including revenue near the high end and earnings per share above the high end of our guidance ranges, said François Locoh-Donou, F5s President and CEO. As a result of our continued operating discipline we delivered more than 1,000 basis points improvement in GAAP operating margin and more than 900 basis points improvement in non-GAAP operating margin year over year. We also delivered strong earnings growth, with 93% GAAP earnings per share... More