Networking equipment maker F5 Networks (FFIV) this afternoon reported fiscal Q1 revenue and profit ahead of consensus and forecast the current quarter’s results ahead of estimates.
Revenue in the three months ended in December rose almost 20%, year over year, to $322.4 million, yielding EPS of $1.03 per share, excluding some costs.
On that basis, the Street had been expecting $319.4 million and $1.01 per share.
CEO John McAdam said sales in Asia-Pacific, Japan and North America offset some seasonal slowing in other markets. He singled out the company’s “Viprion 2400″ and vCMP products as having “growing demand” and “very strong” sales.
For the current quarter, the company sees revenue in a range of $332 million to $337 million, and profit per share of $1.05 to $1.07. That is better than the consensus of $331 million and $1.05 per share.
F5 shares are up $4.87, or 5%, at $113.33.
F5′s conference call with analysts�is underway now, having begun at 4:30 pm, Eastern. You can catch the remainder of the Webcast of the call here.
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