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F5 Inc. reported Q2 FY24 earnings with revenue of $681M.
F5 Inc. reported Q2 FY24 earnings with revenue of $681M (down 3% YoY) and net income of $119M, both missing analyst estimates.
EPS (GAAP) of $2.00 exceeded expectations, while Non-GAAP EPS of $2.91 also surpassed estimates.
Gross margin improved to 82.1%.
Software revenue grew 20% to $159M, driven by a 28% increase in subscription revenue.
F5's Q3 guidance is $2.89-$3.01 EPS and FY24 guidance is $12.52-$12.75 EPS.
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F5 Inc. informó ganancias del segundo trimestre del año fiscal 24 con ingresos de 681 millones de dólares.