F5 Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014
January 22, 2014 at 09:22 pm
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F5 Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported net revenue of USD 406.452 million compared to USD 365.451 million a year ago. Income from operations was USD 109.133 million compared to USD 109.084 million a year ago. Income before income taxes was USD 109.379 million compared to USD 110.634 million a year ago. Net income was USD 68.048 million compared to USD 69.493 million a year ago. Diluted income per share was USD 0.87 compared to USD 0.88 a year ago. Net cash provided by operating activities was USD 158.926 million compared to USD 144.806 million a year ago. Purchases of investments were USD 147.534 million compared to USD 313.114 million a year ago. Excluding the impact of stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was USD 94.8 million or USD 1.22 per diluted share compared to USD 90.6 million or USD 1.14 per diluted share in the first quarter of last year.
The company provided earnings guidance for the first quarter ending March 31, 2014. For the period, the company set a revenue goal of USD 408 million to USD 418 million with a GAAP earnings target of USD 0.87 to USD 0.90 per diluted share and a non-GAAP earnings target of USD 1.23 to USD 1.26 per diluted share. Net income is expected to be in the range of USD 67.2 million to 69.6 million.
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, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014
F5, INC. 
