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Press release BoxID: 653222 (F5 Networks GmbH)
  • F5 Networks GmbH
  • Lehrer-Wirth-Straße 2
  • 81829 München
  • http://www.f5networks.de
  • Contact person
  • Claudia Kraus
  • +49 (89) 94383-220

F5 Networks veröffentlicht die Ergebnisse des ersten Quartals 2014

(PresseBox) (SEATTLE, WA, ) For the first quarter of fiscal 2014, ended December 31, F5 Networks, Inc. (NASDAQ: FFIV) announced revenue of $406.5 million, up 3 percent from $395.3 million in the prior quarter and 11 percent from $365.5 million in the first quarter of fiscal 2013.

GAAP net income was $68.0 million ($0.87 per diluted share), compared to $76.2 million ($0.97 per diluted share) in the prior quarter and $69.5 million ($0.88 per diluted share) in the first quarter a year ago.

Excluding the impact of stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was $94.8 million ($1.22 per diluted share), compared to $99.2 million ($1.26 per diluted share) in the prior quarter and $90.6 million ($1.14 per diluted share) in the first quarter of last year.

A reconciliation of GAAP net income to non-GAAP net income is included on the attached Consolidated Statements of Operations.

"During the first quarter, increasing demand for the new hardware and software products we introduced in fiscal 2013 continued to drive product revenue, which increased 3 percent from the prior quarter and 7 percent year over year," said John McAdam, F5 president and chief executive officer. "Strong sales across all geographic regions reflected both demand for the new products and positive customer response to our 'Good, Better, Best' pricing model we introduced in early November.

"In addition to delivering a broad array of new products and solutions, we have continued to partner with industry leaders to ensure that our products complement theirs to optimize the security, performance and availability of applications. During the November rollout of our new Synthesis framework for software-defined application services, we highlighted a number of partnerships with the leading developers of software-defined networking technology (SDN). As SDN begins to gain traction, we believe these partnerships will open up new and expanding market opportunities for our products.

"Reflecting our confidence in the company's near-term prospects and our determination to continue investing in our long-term growth, we added another 165 employees during the first quarter of fiscal 2014. We remain confident that the momentum we saw in the last two quarters will continue through the current quarter and into the back half of the year.

"For the current quarter, ending March 31, we have set a revenue goal of $408 million to $418 million with a GAAP earnings target of $0.87 to $0.90 per diluted share and a non-GAAP earnings target of $1.23 to $1.26 per diluted share."

Share Repurchase Program

The company also announced today that its board of directors had authorized an additional $500 million for the company's common stock share repurchase program. This new authorization is incremental to the $281.3 million currently unused in the existing program which was initially authorized in October 2010.

Acquisitions for the share repurchase program will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. The timing and amounts of any purchases will be based on market conditions and other factors including but not limited to price, regulatory requirements and capital availability. The program does not require the purchase of any minimum number of shares and the program may be modified, suspended or discontinued at any time.

F5 Networks GmbH

F5 (NASDAQ: FFIV) provides solutions for an application world. F5 helps organizations seamlessly scale cloud, data center, and software defined networking (SDN) deployments to successfully deliver applications to anyone, anywhere, at any time. F5 solutions broaden the reach of IT through an open, extensible framework and a rich partner ecosystem of leading technology and data center orchestration vendors. This approach lets customers pursue the infrastructure model that best fits their needs over time. The world's largest businesses, service providers, government entities, and consumer brands rely on F5 to stay ahead of cloud, security, and mobility trends. For more information, go to f5.com.

You can also follow @f5networks and on Twitter or visit us on Facebook for more information about F5, its partners, and technology. For a complete listing of F5 community sites, please visit www.f5.com/....