F5 Networks Inc.'s (Nasdaq: FFIV) revenues jumped 59 percent last quarter on strong sales and the traffic management vendor's earnings topped analysts' expectations thanks to a one-time tax benefit.
F5 posted fourth quarter revenues of $50.2 million, almost $4 million above analyst estimates of $46.6 million.
The firm's significant one-time net benefit was related to deferred tax assets in the quarter.
The company reported pro forma earnings of 28 cents a share, six to eight cents above the companys own guidance.
For fiscal 2004, F5 reported annual revenue of $171.2 million, up 48 percent from $115.9 million reported in fiscal 2003.