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General

F5 reports better-than-expected Q4, solid FY driven by software revenue

Tuesday 27 October 2020 | 10:03 CET | News
F5 Networks reported higher-than-expected results for its fourth quarter to end September, and a solid set of numbers for its full year, driven by customer demand for multi-cloud application security and delivery services driving revenues/ CEO Francois Locoh-Donou said the company was "well on its way" to becoming a software-led business and that it expects continued robust growth there from a more diversified base of subscription and SaaS revenue, plus forward revenue opportunities on many long-term software subscription contracts.

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Categories: General
Companies: F5 Networks
Countries: World
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