earnings
confidence high
sentiment negative
materiality 0.75
F5 Q2 FY22 rev $634M (-2% YoY); software +40%; FY22 growth outlook cut to 1.5-4%
F5, INC.
2022-Q2 EPS reported
$2.43
revenue$1,321,324,000
- Revenue $634M, down 2% YoY; software revenue grew 40% while systems fell 27% due to chip shortages.
- GAAP diluted EPS $0.92 vs $0.70 YoY; non-GAAP diluted EPS $2.13 vs $2.50 YoY.
- FY22 revenue growth guidance lowered to 1.5%-4% from prior 4.5%-8%; software growth near top of 35-40% range.
- Q3 FY22 revenue guidance $660-680M; CEO cites strong software demand but supply constraints for systems.