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General

F5 Networks revenues jump 10% in Q1 boosted by software revenue growth of 70%

Wednesday 27 January 2021 | 11:16 CET | News
F5 Networks said revenues rose to USD 625 million from 569 million the year before, a bit higher than its revised forecast. Adjusted revenues were in-line with the increased outlook, climbing to USD 626 million from 569 million. Both figures were up 10 percent year-on-year, driven by 70 percent software revenue growth, 5 percent systems revenue growth, and 1 percent global services revenue growth. CEO Francois Locoh-Donou said revenue growth was pushed by investments made in the past few years, which positioned the company well for the "explosive" application growth in the market.

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Categories: General
Companies: F5 Networks
Countries: World
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