F5 Networks (FFIV) Q1 Earnings And Revenues Beat Estimates
Zacks Investment Research | Jan 24, 2018 11:19PM ET
F5 Networks Inc. (NASDAQ:FFIV) reported first-quarter fiscal 2018 non-GAAP earnings per share (excluding amortization of intangible assets, stock-based compensation and other one-time items) of $2.26, surpassing the Zacks Consensus Estimate of $2.04 per share as well as the guidance of $2.02-$2.05. Furthermore, earnings improved from $1.98 per share reported in the year-ago quarter.
Revenues
F5 Networks’ revenues grew 1.4% year over year to $523.2 million and came ahead of the Zacks Consensus Estimate of $521.4 million. Notably, revenues were also above the mid-point of the guided range of $515-$525 million.
Revenues were boosted by a 7% increase in service revenues, which accounted for 57% of total revenues. However, product revenues witnessed a decrease of 5% on a year-over-year basis.
Geographically, on a year-over-year basis, revenues from the Americas were up 2% and contributed 56% to total revenues. EMEA increased 7% and accounted for 27% of total revenues. Asia-Pacific was down 5% on a year-over-year basis, representing 14% of total revenues. Japan revenues decreased 12% and represented 4% of total revenues.
By verticals, Enterprise, Service providers and Government (including 8% from the U.S. federal) accounted for 64%, 20% and 16% of total revenues, respectively.
The company’s distributors Ingram Micro, Tech Data (NASDAQ:TECD) , Arrow, Westcon and Cynics accounted for 15%, 12%, 11%, 10% and 11%, of total revenues, respectively.
F5 Networks, Inc. Price, Consensus and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.