F5 Networks (FFIV) Reports Strong Q1 Results, Shares Down 11% on Disappointing Q2/22 Outlook
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F5 Reports 10% First Quarter Revenue Growth Led by Strong Software Demand
January 25, 2022 4:05 PM ESTSEATTLE--(BUSINESS WIRE)-- F5, Inc. (NASDAQ: FFIV) today announced financial results for its fiscal first quarter ended December 31, 2021.
Our customers need to grow and evolve the applications that support and drive their businesses led to strong demand for F5s application security and delivery solutions, fueling 10% revenue growth in our first quarter, said François Locoh-Donou, F5s President and CEO. Demand for software solutions was particularly strong, with non-GAAP software revenue growing 47% compared to the same period in the prior year.
First Quarter Performance Summary
First quarter fiscal year 2022 GAAP revenue was... More
