F5 Networks (NASDAQ: FFIV) reported financial results for its first quarter of 2021.
The company reported revenue of $625 million showing a growth of 10% compared to the previous year.
GAAP net income was recorded at $88 million, compared to the fiscal year 2019 of $99 million.
GAAP earnings per share decreased to $1.41 from $1.62 and non-GAAP earnings per share reported at $2.59 compared to the analyst’s estimate of $2.46.
FFIV stock rose about 1% in the after-market session on Monday.
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Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard