F5 Networks (FFIV) Tops Q2 EPS by 11c

F5 Networks (NASDAQ: FFIV) reported Q2 EPS of $2.50, $0.11 better than the analyst estimate of $2.39. Revenue for the quarter came in at $645 million versus the consensus estimate of $635.98 million.

“The transformation we have worked persistently to achieve has put F5 at the center of applications, both traditional and modern, with a differentiated multi-cloud approach. As a result, we are benefiting from strong and sustainable macro growth drivers, which are ultimately powered by escalating application growth,” said François Locoh-Donou, F5’s President and CEO.

“Business and consumers’ increasing reliance on applications has accelerated all prior expectations about the pace of digital transformation and our customers across the globe are scaling their digital assets faster, resulting in growing demand for F5’s application security and delivery solutions,” concluded Locoh-Donou.

GUIDANCE:

F5 Networks sees Q3 2021 EPS of $2.36-$2.54, versus the consensus of $2.50. F5 Networks sees Q3 2021 revenue of $620-650 million, versus the consensus of $635.17 million.

For earnings history and earnings-related data on F5 Networks (FFIV) click here.

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