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F5 Revenues Grow

SEATTLE -- For the second quarter
of fiscal 2007, F5 Networks (Nasdaq:FFIV) announced revenue of $127.6
million, up 6 percent from $120.0 million in the prior quarter and 36
percent from $94.1 million in the second quarter of fiscal 2006. Net
income was $20.0 million ($0.47 per diluted share), compared to $22.4
million ($0.53 per diluted share) in the prior quarter, which included
a one-time tax benefit of $0.04 per share. Net income was $16.1
million ($0.39 per diluted share) in the second quarter a year ago.

The company's solid revenue gains reflect the continuing strength
of its core application delivery network business, which grew 8
percent during the quarter and accounted for 92 percent of total
revenue. John McAdam, F5 president and chief executive officer, said
the strength of the company's core business relative to its WAN
optimization and security offerings was no surprise and further
validated the company's plans to port WANJet and FirePass to TMOS and
integrate their functionality into its application delivery networking
solutions. TMOS-based versions of both products are scheduled for
delivery in late summer.

"In the meantime, the rich functionality of BIG-IP's TMOS-based
solution set, coupled with the flexibility of iRules and the
high-performance of our integrated hardware platforms, is continuing
to open new market opportunities," McAdam said. "Along with growing
demand in large enterprises, changes in the technology landscape are
driving telecommunications companies and internet service providers to
look for new and better ways to manage the complex array of data,
information and services they are attempting to provide their
customers. From the perspective of both functionality and performance,
our family of BIG-IP products offers these organizations the widest
array of fully-integrated solutions to meet their needs, and we are
continuing to invest in all areas of our business to take advantage of
these opportunities."

F5 Networks Inc. (Nasdaq: FFIV)