Quarterly revenue clocks in at $766.49 million, which beat the analyst consensus estimate of $715.41 million.
F5, Inc. FFIV reported its first-quarter financial results after Tuesday's closing bell. Here's a look at the details from the report.
The Details: F5 reported quarterly earnings of $3.84 per share, which beat the analyst consensus estimate of $3.36. Quarterly revenue clocked in at $766.49 million which beat the analyst consensus estimate of $715.41 million and is an increase over sales of $692.6 million from the same period last year.
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"F5's alignment with significant secular trends, a more stable IT spending environment, and our strong execution led to another record quarter," said François Locoh-Donou, F5's president and CEO. "Our first quarter revenue of $766 million reflects 11% growth year over year and includes a 22% increase in software revenue and 18% systems revenue growth from the first quarter of fiscal year 2024."
"We are seeing new opportunities emerge in two main areas: hybrid multicloud and AI," continued Locoh-Donou. "F5's innovation in anticipation of widespread hybrid multicloud adoption means we can simplify the crushing complexity of these environments in ways competitors cannot and is leading to new revenue potential."
Outlook: F5 sees second-quarter revenue in a range of $705 million to $725 million, versus the $702.73 million estimate, and earnings of between $3.02 and $3.14 per share, versus the $3.21 estimate. The company also raised its fiscal 2025 revenue growth forecast to between 6% and 7% with earnings growth of between 6.5% and 8.5% per share.
FFIV Price Action: According to data from Benzinga Pro, F5 shares are up 12.62% after hours at $303.72 Tuesday.
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Photo: Courtesy of F5
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