F5 Networks Misses on Q1 Expectations but Beats on Guidance

By Eric Volkman – Jan 23, 2013 at 7:45PM

NASDAQ: FFIV

F5

Market Cap

$10B

Today's Change

(2.04%) $3.44

Current Price

$171.76

Price as of May 8, 2024, 4:00 p.m. ET

The networking equipment maker misses the mark slightly in terms of revenue and net, but its forward anticipations come in better than expected.

In its fiscal Q1 2013 results, F5 Networks (FFIV 2.04%) 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.

Fool contributor Eric Volkman has no position in F5 Networks. The Motley Fool recommends and owns shares of F5 Networks. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.