earnings
confidence high
sentiment neutral
materiality 0.75
F5 reports Q1 revenue $687M (+10% YoY); cuts FY22 revenue growth outlook to 4.5%-8%
F5, INC.
2022-Q1 EPS reported
$1.51
revenue$687,100,000
- GAAP revenue $687M (+10% YoY); GAAP EPS $1.51 vs $1.41; non-GAAP EPS $2.89 vs $2.59.
- Non-GAAP software revenue grew 47% YoY, driving product revenue growth of 19%.
- Q2 FY22 revenue guidance $610-$650M; FY22 growth cut to 4.5%-8% from prior 8%-9%.
- Supply chain constraints will restrict systems demand for the remainder of FY22.
- Software revenue growth expected near top end of 35%-40% guidance range.