F5 Passes $1 Billion in Revenues as ADC Technology Expands
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F5 Networks (NASDAQ: FFIV) reported its fourth quarter fiscal 2011 earnings this week, showing revenue and income gains. For the quarter, F5 reported revenue of $314.6 million, which is a 24 percent year-over-year gain. During the fourth quarter, F5's core ADC business generated the bulk of the revenues coming in at $307.3 million.
Net Income was reported at $67.6 million or $0.84 per share, which is a gain over the $48.2 million or $0.59 per share reported for 2010.
For the full fiscal 2011 year, F5 reported revenue of $1.15 billion, for a 31 percent gain over fiscal 2010.
"F5 surpassed a very significant milestone last year with over $1 billion in revenue," F5 CEO John McAdam said during the company's earnings call. "We further increased our technology leadership and competitive positions with several product releases in the second half of fiscal 2011, which we believe will be strong growth drivers as we enter fiscal 2012."
Looking forward to the first quarter of fiscal 2012, F5 provided revenue guidance to be in the range of $315 million to $320 million.