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
American Express (AXP) Q2 2025 Earnings: Key financials and quarterly highlights
American Express Company (NYSE: AXP) reported its second quarter 2025 earnings results today. Consolidated total revenues, net of interest expense, were $17.9 billion, up 9% year-over-year, driven by increased Card
Netflix Q2 earnings jump on strong revenue growth; results beat estimates
Video streaming giant Netflix, Inc. (NASDAQ: NFLX) reported a sharp increase in revenue and profit for the second quarter of fiscal 2025. The numbers also beat analysts' estimates. The company's
Tesla Q2 Earnings Preview: Can energy gains offset EV demand Slump?
For Tesla Inc. (NASDAQ: TSLA), the new fiscal year has been quite challenging, with first-quarter sales falling to a three-year low amid production issues related to Model Y and increasing