F5 Networks, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Second Quarter of 2015
January 21, 2015 at 04:05 pm
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F5 Networks, Inc. announced unaudited consolidated financial results for the first quarter ended December 31, 2014. For the quarter, the company reported total revenues of $462,793,000 against $406,452,000 a year ago. Income from operations was $132,315,000 against $109,133,000 a year ago. Income before income taxes was $134,909,000 against $109,379,000 a year ago. Net income was $89,076,000 or $1.21 per diluted share against $68,048,000 or $0.87 per diluted share a year ago. Net income excluding stock-based compensation, amortization of purchased intangible assets and loss on facility sublease (non-GAAP) - diluted was $114,221,000 or $1.55 per diluted share against $94,763,000 or $1.22 per diluted share a year ago. Net cash provided by operating activities was $186,395,000 against $158,926,000 a year ago.
For second quarter, the company is guiding for revenue of $465 million to $475 million. EPS is seen at $1.48 to $1.51.
F5, Inc. specializes in developing and selling network equipment. Net sales break down by activity as follows:
- supply of services (51.2%): consulting, training, maintenance, and technical support services;
- sales of products (48.8%): load distribution systems providing load management, performance optimization, and security for computer systems, Internet traffic management systems, data storage systems, etc.
Net sales are distributed geographically as follows: the United States (52.9%), Americas (3.4%), Europe/Middle East/Africa (26.4%), and Asia/Pacific (17.3%).
F5 Networks, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Second Quarter of 2015