F5 Networks surges 11% on strong Q4 results, upbeat guidance
) saw its shares soar 11% after the company reported better-than-expected fourth quarter results and provided an optimistic outlook for the upcoming fiscal year.
F5 Networks reported adjusted earnings per share of $3.67 for the fourth quarter, surpassing the analyst estimate of $3.45. The company's software revenue, a key growth driver, jumped 19% YoY to $228 million. Systems revenue declined 3% to $130 million, while global services revenue grew 2% to $388 million.
"Our results speak to the power of our portfolio and innovation, the strength of our operating model, and the resilience of our business," said François Locoh-Donou, F5's President and CEO.
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