F5 surpassed Wall Street expectations in the fourth quarter and hit a strong cap in 2021>
Fuentitech.com – Harliediehl
Application security company F5 Networks delivery Non-GAAP net income was $ 185 million, diluted $ 3.01 per share, and non-GAAP revenue was $ 617 million, reporting better-than-expected fourth-quarter results.

GAAP revenue for the fourth quarter of 2021 was $ 682 million, surpassing Wall Streetâs forecast of $ 671.51 million and earnings per share of $ 2.75.

F5 shares rose 2% on overtime trading to $ 208.12.

In fiscal year 2021, F5 achieved GAAP revenue of $ 2.60 billion, up 11% year-on-year. According to the company, the companyâs revenue growth was due to 21% product revenue growth and 2% global service revenue growth compared to last year.

F5 expects first-quarter diluted non-GAAP earnings to be in the range of $ 2.71 to $ 2.83 and revenues in the range of $ 665 million to $ 685 million.
Link: https://fuentitech.com/f5-surpassed-wall-street-expectations-in-the-fourth-quarter-and-hit-a-strong-cap-in-2021/315963/