Storage

09:00 AM
Connect Directly
RSS
E-Mail
50%
50%

F5 Revenues Do a Buffalo Jump

Seattle vendor beats both its own guidance and analyst estimates with a strong Q4 performance

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 company’s own guidance.

For fiscal 2004, F5 reported annual revenue of $171.2 million, up 48 percent from $115.9 million reported in fiscal 2003.

Previous
1 of 4
Next
Comment  | 
Print  | 
More Insights
Slideshows
Cartoon
Audio Interviews
Archived Audio Interviews
Jeremy Schulman, founder of Schprockits, a network automation startup operating in stealth mode, joins us to explore whether networking professionals all need to learn programming in order to remain employed.
White Papers
Register for Network Computing Newsletters
Current Issue
Video
Twitter Feed