F5 Q4 revenue $747M (+6%), software up 19%; guides FY25 growth; $1B buyback; new CFO

F5, INC.

2024-FY EPS reported $9.55 revenue$2,816,120,000

Q4 GAAP EPS $2.80; non-GAAP EPS $3.67. FY24 GAAP EPS $9.55, non-GAAP $13.37 (double-digit YoY growth).
Software revenue $228M (+19% YoY) offset systems decline; total FY24 revenue $2.82B flat YoY.
FY25 guidance: revenue growth 4-5%; non-GAAP EPS growth 5-7% (10% tax-neutral). Q1 revenue $705-725M.
Board authorized additional $1B share repurchase, incremental to $422M remaining in existing program.
Edward Cooper Werner appointed EVP & CFO; salary $500K, bonus 80%, $2.4M RSU grant; effective after 10-K filing.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Edward Cooper Werner

Executive Vice President and Chief Financial Officer

FFIV · F5, INC.

Filed: October 28, 2024, 7:59 PM ET

On October 25, 2024, the Company’s Board of Directors (the “Board”) took action to appoint Edward Cooper Werner as its next Executive Vice President (“EVP”) and Chief Financial Officer (“CFO”).

Departed

Frank Pelzer

Executive Vice President and Chief Financial Officer

FFIV · F5, INC.

Successor: Edward Cooper Werner
Filed: October 28, 2024, 7:59 PM ET

Mr. Werner will assume his role effective on the first business day following the filing with the Securities and Exchange Commission of the Company’s Form 10-K for the Company’s 2024 fiscal year and the related retirement of the Company’s current EVP and CFO, Frank Pelzer, consistent with the Company’s public announcement on July 29, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Edward Cooper Werner was appointed as Executive Vice President and Chief Financial Officer at F5, INC..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On October 25, 2024, the Company’s Board of Directors (the “Board”) took action to appoint Edward Cooper Werner as its next Executive Vice President (“EVP”) and Chief Financial Officer (“CFO”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Frank Pelzer retired as Executive Vice President and Chief Financial Officer at F5, INC..

Action: retired
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Werner will assume his role effective on the first business day following the filing with the Securities and Exchange Commission of the Company’s Form 10-K for the Company’s 2024 fiscal year and the related retirement of the Company’s current EVP and CFO, Frank Pelzer, consistent with the Company’s public announcement on July 29, 2024.

View on SEC.gov

F5, INC. filing history →

Source: SEC EDGAR

accession 0001048695-24-000154

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