F5 Networks (FFIV) Tops Q4 EPS by 26c
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F5 Reports 11% Fourth Quarter Revenue Growth and 11% Fiscal Year Revenue Growth Fueled by Strong Software and Systems Demand
October 26, 2021 4:05 PM EDTSEATTLE--(BUSINESS WIRE)-- F5 Networks, Inc. (NASDAQ: FFIV) today announced financial results for its fiscal fourth quarter and year ended September 30, 2021.
Our very strong fourth quarter results cap a year of robust financial performance for F5, said François Locoh-Donou, F5s President and CEO. With software revenue representing 45% of product revenue in the fourth quarter, and 80% of this software revenue coming from subscriptions, we continue to mark milestone after milestone in our rapid transformation to a software led business model.
Locoh-Donou continued, Skyrocketing application usage and heightened security awareness are driving strong... More
