Earnings reports

F5 Busts Out With Big Numbers

Application and network monitoring specialist F5 Networks Inc. (Nasdaq: FFIV) today reported profits of $7.4 million on a record $44.2 million of revenue for its third quarter of 2004.

That's a small step up from the $6.0 million in profits on $40.6 million in revenue reported last quarter and a huge leap from the $1.4 million in profits and $29.2 million in revenue reported a year ago.

The company has also boosted its revenue guidance. Officials say the company expects to grow sequentially in the next quarter and has set a target range of $45 million to $47 million in revenue.

Investors apparently viewed this as tasty news, as they snacked on shares in after-hours trading, driving F5 stock up $2.00 (8.93%) to $24.40.

F5 CEO and President John McAdam attributes growth to strong sales in its core product line...

Get all the details at Next-Gen Data Center Forum.

— Evan Koblentz, Senior Editor, Next-Gen Data Center Forum

For more info on the state of industry financials, check out the coming Light Reading Live! event:

  • Light Reading's Telecom Investment Conference, in New York City, November 10.

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