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F5 ADC Business is Booming

F5 reported second quarter fiscal 2012 earnings late Wednesday with revenue coming in at $339.6 million, for a 22.4 percent year-over-year gain. Net income was reported at $68.6 million or $0.86 per share, up from $55.6 million or $0.68 per share for the second quarter of 2011. Moving forward, F5 provided revenue guidance for the third quarter of 2012 to be in the range of $350 to $355 million.

The bulk of F5's revenues during the second quarter came from their core application delivery networking business, which contributed $333.1 million in revenue. Revenue from F5's ARX File Virtualization business was $6.5 million. In terms of vertical market share, Telco represented 27 percent of total sales, financial services was 16 percent, technology 19 percent, and government 12 percent.

While F5's technology at the top level is identified as being in the application delivery controller (ADC) space, it's also used as a data center firewall. In January, F5's ADC became certified as a firewall by testing vendor ICSA Labs.

Read the full story at EnterpriseNetworkingPlanet:
F5 Revenues Continue to Grow

Sean Michael Kerner is a senior editor at InternetNews.com, the news service of the IT Business Edge Network, the network for technology professionals Follow him on Twitter @TechJournalist.