Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

F5 Busts Out With Big Numbers

Application and network monitoring specialist F5 Networks Inc. (Nasdaq: FFIV) today reported profits of $7.4 million on a record $44.2 million of revenue for its third quarter of 2004.

That's a small step up from the $6.0 million in profits on $40.6 million in revenue reported last quarter and a huge leap from the $1.4 million in profits and $29.2 million in revenue reported a year ago.

The company has also boosted its revenue guidance. Officials say the company expects to grow sequentially in the next quarter and has set a target range of $45 million to $47 million in revenue.

Investors apparently viewed this as tasty news, as they snacked on shares in after-hours trading, driving F5 stock up $2.00 (8.93%) to $24.40.

F5 CEO and President John McAdam attributes growth to strong sales in its core product line, including the flagship Big-IP product and the FirePass SSL VPN products. FirePass revenue of $3.8 million was up from $2.7 million in the prior quarter.

  • 1