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F5 Lowers Financial Guidance

SEATTLE -- F5 Networks, Inc. (NASDAQ:FFIV) today announced preliminary results for the first quarter of fiscal 2009, ended December 31. Revenue for the quarter is expected to be $165.6 million, below the companys guidance of $172 million – $174 million. GAAP EPS is expected in the range of $0.26 to $0.27 per diluted share, consistent with original guidance. Non-GAAP EPS is expected in the range of $0.40 to $0.41 per diluted share, as compared with original guidance of $0.41 to $0.42 per diluted share.

John McAdam, F5 president and chief executive officer, said the revenue shortfall resulted primarily from a fall-off in North American sales at quarter-end. “International revenue was in line with our expectations for the quarter, and total revenue was generally on track until the last week of December, when a number of anticipated orders from certain customers in North America did not come through.”

F5 Networks Inc.