Featured Story
Intel and telcos left in virtual RAN limbo by rise of AI RAN
A multitude of general-purpose and specialist silicon options now confronts the world's 5G community, while Intel's future in telecom remains uncertain.
F5 Networks announces results for second quarter of fiscal 2011
April 21, 2011
SEATTLE -- For the second quarter of fiscal 2011, F5 Networks, Inc. (NASDAQ: FFIV) announced revenue of $277.6 million, up 3.2 percent from $268.9 million in the prior quarter and 34.7 percent from $206.1 million in the second quarter of fiscal 2010.
GAAP net income was $55.6 million ($0.68 per diluted share), compared to $55.7 million ($0.68 per diluted share) in the prior quarter and $33.1 million ($0.41 per diluted share) in the second quarter a year ago.
Excluding the impact of stock-based compensation net of tax, non-GAAP net income was $71.5 million ($0.88 per diluted share), compared to $72.2 million ($0.88 per diluted share) in the prior quarter and $45.2 million ($0.56 per diluted share) in the second quarter of fiscal 2010.
"F5's solid sequential and year-over-year revenue growth in the second quarter was driven by continuing strength in the Americas and APAC," said John McAdam, president and chief executive officer. Revenue from the Americas grew 4 percent from the prior quarter and 38 percent from the second quarter of fiscal 2010. APAC revenue increased 10 percent from the prior quarter and 68 percent year-over-year. Japan revenue was down 6 percent sequentially and flat with revenue in the second quarter of last year. In EMEA, revenue grew 22 percent year-over-year but was essentially flat with the prior quarter.
"Overall revenue growth and stable gross margins enabled us to add 125 employees in the second quarter and maintain our non-GAAP operating margin at just under 38 percent," McAdam said.
F5 Networks Inc. (Nasdaq: FFIV)
You May Also Like