F5 Q1 FY24 GAAP EPS $2.32 (+93% YoY), non-GAAP EPS $3.43 (+39%); raises FY EPS outlook

F5, INC.

2024-Q1 EPS reported $2.32 revenue$692,597,000

Revenue $693M (-1% YoY); services revenue +7%, product revenue -10% (systems -22%, software +2%).
GAAP operating margin 23.8% vs 13.0% YoY; non-GAAP operating margin 35.5% vs 26.5% YoY.
Q2 FY24 guidance: revenue $675M–$695M, non-GAAP EPS $2.79–$2.91.
FY24 non-GAAP EPS growth outlook raised to 6%-8% (from 5%-7%) on lower expected tax rate.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

F5, INC. reported first quarter ended December 31, 2023 results: revenue $693 million, net income $138 million, EPS $2.32 per diluted share. Guidance raised.

Period: first quarter ended December 31, 2023
Revenue: $693 million
Net income: $138 million
EPS: $2.32 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

assist our customers in addressing exactly these challenges.” First Quarter Performance Summary First quarter fiscal year 2024 revenue declined 1% from the year-ago period, to $693 million, compared with $700 million in the first quarter of fiscal year 2023. Global services revenue grew 7% from the year-ago period while product revenue declined 10%, reflecting 2%

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Source: SEC EDGAR

accession 0001048695-24-000009

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