F5 Shares Climb On Better-Than-Expected Q3 Results, Strong Forward Guidance - F5 (NASDAQ:FFIV)

　　F5, Inc. FFIV shares are climbing after the company reported its third-quarter financial results Monday. Here's a look at the details from the report.

　　The Details: F5 reported quarterly earnings of $3.36 per share, which beat the analyst consensus estimate of $2.97 by 13.13%. Quarterly sales came in at $695.495 million, which beat the analyst consensus estimate of $686.062 million by 1.37%.

　　Software revenue of $179 million grew 3% from the year-ago period. Systems revenue of $130 million represented a decline of 16% from the prior year. Global services revenue of $387 million grew 3% from the year-ago period. Gross margin was 83.1%.

　　“We delivered third-quarter revenue at the top end of our guidance range fueled by software growth and continued growth of our global services offerings,” said François Locoh-Donou, F5s president and CEO. “In addition, our continued operating discipline enabled us to deliver earnings per share well above the high end of our guidance.”

　　Outlook: F5 said that based on visibility to fourth-quarter software demand, it now expects fiscal year revenue toward the top end of prior expectations at approximately $2.8 billion, or roughly flat with last year. F5 also raised its fiscal year earning growth expectations and now expects to deliver approximately 12% earnings growth, up from the prior growth outlook of 7% to 9%.

　　FFIV Price Action:According to Benzinga Pro, F5 shares are up 13.63% after-hours at $201.80 at the time of publication Monday.

　　Image: Moondance from Pixabay

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