— F5 Networks Inc. (NASDAQ: FFIV) reported Q1 2020 earnings of $2.55 per share, vs. $2.43 expected.
— Revenues grew 5% to $569.3 million, vs. $565.9 million expected.
— Q2 2020 adjusted revenue is expected to be $580-590 million.
— Q2 2020 adjusted EPS is expected to be $2.14-2.17.
— FFIV shares fell 3% immediately following the announcement.
The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data
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