F5 Q1 rev $700M (+2% YoY), GAAP EPS $1.20, Non-GAAP $2.47; guides Q2; acquires Lilac Cloud

F5, INC.

2023-Q1 EPS reported $1.20 revenue$700,378,000

Revenue $700M (+2% YoY); GAAP net income $72M ($1.20 EPS), down from $94M ($1.51).
Non-GAAP net income $149M ($2.47 EPS), down from $179M ($2.89).
Global services revenue +5% YoY; product revenue -1% (software +3%, systems -4%).
Q2 FY23 guidance: revenue $690-710M, non-GAAP EPS $2.36-2.48; FY23 growth reaffirmed 9-11%.
Signed acquisition of Lilac Cloud (CDN tech); terms undisclosed; expected close Q2 FY23.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

F5, INC. reported second quarter of fiscal year 2023 results: revenue $690 million to $710 million, EPS $2.36 to $2.48 per diluted share. Guidance initiated.

Period: second quarter of fiscal year 2023
Revenue: $690 million to $710 million
EPS: $2.36 to $2.48 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

For the second quarter of fiscal year 2023, F5 expects to deliver revenue in the range of $690 million to $710 million, with non-GAAP earnings in the range of $2.36 to $2.48 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

F5, INC. reported first quarter ended December 31, 2022 results: revenue $700 million, net income $72 million, EPS $1.20 per diluted share.

Period: first quarter ended December 31, 2022
Revenue: $700 million
Net income: $72 million
EPS: $1.20 per diluted share
Result: reported results

Exact text from the filing

First quarter fiscal year 2023 revenue grew 2% from the year ago period, to $700 million, up from $687 million in fiscal year 2022.

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F5, INC. filing history →

Source: SEC EDGAR

accession 0001048695-23-000007

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