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F5 Reports Fiscal 2013 Earnings

For the fourth quarter, F5 reported $395.3 million in revenue, a 9 percent year-over-year gain. The vendor reported full year revenue at $1.48 billion, up 8 percent from fiscal 2012. F5's $76.2 million in net income for the fourth quarter is an improvement over the company's $68.2 million in 2012. The company reported $277.3 million in full year net income, up marginally from the $75.2 million reported in fiscal 2012.

Looking forward, F5 provided first quarter fiscal 2014 guidance for revenue in a range of $390 million to $400 million.

In a show of optimism, F5 also expanded its employee base during the year. F5 added 325 employees during its fiscal 2013, an 11 percent increase over 2012.

Read the full story at Enterprise Networking Planet:
F5 Grows ADC Base, Hires More Employees

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.