F5 Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Second Quarter Ending March 31, 2018
January 24, 2018 at 09:10 pm
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F5 Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2017. For the first quarter, the company announced total revenue of $523,191,000 compared to $515,958,000 a year ago. Income from operations was $141,997,000 compared to $137,454,000 a year ago. Income before income taxes was $144,142,000 compared to $140,097,000 a year ago. Net income was $88,429,000 or $1.41 per diluted share compared to $94,218,000 or $1.44 per diluted share a year ago. Net cash provided by operating activities was $189,957,000 compared to $189,312,000 a year ago. Purchases of property and equipment were $6,491,000 compared to $14,133,000 a year ago.
For the second quarter of fiscal 2018, ending March 31, the company has set a revenue goal of $525 million to $535 million with a GAAP earnings target of $1.66 to $1.69 per diluted share and a non-GAAP earnings target of $2.24 to $2.27 per diluted share.
F5, Inc. specializes in developing and selling network equipment. Net sales break down by activity as follows:
- supply of services (51.2%): consulting, training, maintenance, and technical support services;
- sales of products (48.8%): load distribution systems providing load management, performance optimization, and security for computer systems, Internet traffic management systems, data storage systems, etc.
Net sales are distributed geographically as follows: the United States (52.9%), Americas (3.4%), Europe/Middle East/Africa (26.4%), and Asia/Pacific (17.3%).
F5 Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Second Quarter Ending March 31, 2018