F5 Networks Misses on Q1 Expectations but Beats on Guidance

In its fiscal Q1 2013 results, F5 Networks (NASDAQ: FFIV  ) announced revenue of $366 million and posted non-GAAP net income of $91 million ($1.14 per diluted share) during the quarter. Those figures were 13% and 10% higher, respectively, on a year-over-year basis.

Analysts were predicting $367 million in revenue and an EPS of $1.15.

The company's earnings guidance for the current quarter exceeded expectations, however. It set a goal for revenue to come in at $370 million to $380 million and for an EPS of $1.21 to $1.24. The market had anticipated nearly $380 million and $1.20, respectively.

F5 Networks added that it brought on 95 new employees during Q1 and generated $145 million in cash from operations.


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