F5, Inc. (FFIV) has reported a strong performance in its first-quarter earnings, surpassing last year's figures and exceeding market expectations. The company posted a net income of $166.4 million, translating to $2.82 per share, compared to last year's $138.4 million or $2.32 per share.
After adjusting for exceptional items, F5, Inc.'s earnings reached $227.0 million, equating to $3.84 per share for the reporting period. This performance outpaced analysts' consensus, which predicted earnings of $3.38 per share, typically excluding special items.
Revenue for the quarter experienced a significant rise of 10.7%, totaling $766.5 million, up from $692.6 million in the previous year.
Overview of F5, Inc.'s key financial metrics (as per GAAP):
- Earnings: $166.4 million compared to $138.4 million last year.
- Earnings per Share (EPS): $2.82, up from $2.32 last year.
- Revenue: $766.5 million, compared to $692.6 million last year.
For the upcoming quarter, F5, Inc. has provided guidance indicating expected EPS in the range of $3.02 to $3.14, and projected revenue between $705 million and $725 million.
