F5 Q2 revenue $681M (-3% YoY), non-GAAP EPS $2.91 beats; raises FY24 EPS outlook

F5, INC.

2024-Q2 EPS reported $4.32 revenue$1,373,951,000

Software revenue $159M (+20% YoY, driven by +28% subscription growth); systems revenue $142M (-32% YoY).
GAAP EPS $2.00 (up from $1.34); non-GAAP EPS $2.91 (up from $2.53); operating margin expanded to 20.5% GAAP, 30.9% non-GAAP.
Q3 FY2024 guidance: revenue $675M-$695M, non-GAAP EPS $2.89-$3.01 per diluted share.
FY2024 revenue outlook unchanged (flat to -2% YoY); raised FY2024 non-GAAP EPS growth outlook to 7%-9% from prior 6%-8%.

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 0.95

F5, INC. reported second quarter ended March 31, 2024 results: revenue $681 million, net income $119 million, or $2.00 per diluted share, EPS $2.00 per diluted share. Guidance raised.

Period: second quarter ended March 31, 2024
Revenue: $681 million
Net income: $119 million, or $2.00 per diluted share
EPS: $2.00 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

disparate infrastructure environments and applications.” Second Quarter Performance Summary Second quarter fiscal year 2024 revenue declined 3% from the year-ago period, to $681 million, compared with $703 million in the second quarter of fiscal year 2023. Software revenue of $159 million grew 20% from the year-ago period, powered by 28% subscription software

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Source: SEC EDGAR

accession 0001048695-24-000060

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