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.
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:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
AVGO Earnings: Broadcom Q4 profit beats estimates; revenue up 4%
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
Costco’s (COST) stock hits a record high ahead of earnings. Here’s what to look for
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Dollar General (DG) faces challenges from inventory shrink in Q3
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although
