Categories AlphaGraphs, Earnings, Technology

Infographic: A snapshot of F5 Networks (FFIV) Q1 2023 earnings report

F5 Networks (NASDAQ: FFIV) has reported financial results for the first quarter of 2023, reporting a modest increase in revenues and lower net profit.

F5 Networks Q1 2023 earnings infographic

Net income for the first quarter, on a reported basis, was $72 million or $1.20 per share, compared to $94 million or $1.51 per share in the corresponding period of 2022. On an adjusted basis, earnings dropped 15% annually to $2.47 per share.

Meanwhile, total revenue grew 2% from the year-ago period to $700 million in the first three months of 2023, with global services revenue rising 5% and product revenue dropping 1%.

“We remain committed to maintaining double-digit nonGAAP earnings growth this year and on an annual basis going forward and we will continue to evaluate our cost base and take further action as needed to achieve this goal,” said F5’s CEO François Locoh-Donou.

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top