2 ©2025 F5 GAAP to non-GAAP presentation In addition to financial information prepared in accordance with U.S. GAAP, this presentation also contains adjusted financial measures that we believe provide investors and management with supplemental information relating to operating performance and trends that facilitate comparisons between periods and with respect to projected information. These adjusted financial measures are non-GAAP and should be considered in addition to, but not as a substitute for, the inf ...

Group 1 - The core thesis on F5, Inc. (NASDAQ: FFIV) is neutral, highlighting strong systems growth in 2Q25 and an optimistic outlook for FY25, but concerns about reliance on 2H25 performance [1] - Management's positive sentiment regarding FY25 suggests potential for continued growth, yet the dependency on the latter half of the year raises caution [1] Group 2 - The analysis emphasizes a blend of value investing principles with a focus on long-term growth, indicating a strategy of purchasing quality companies at a discount to their intrinsic value [1]

Group 1 - The ongoing earnings season has seen only a third of S&P 500 companies report their Q1 2025 results, with 73% of those exceeding Wall Street's expectations according to FactSet [1] - The analysis covers various sectors, including Technology, Commodities, and Energy, reflecting the industry's adaptation to the energy transition [1] Group 2 - No specific stock positions or plans to initiate positions in the mentioned companies are disclosed, indicating an unbiased analysis [2] - The article emphasizes that past performance does not guarantee future results, highlighting the importance of independent evaluation for investors [3]

F5, Inc. (FFIV) reported second-quarter fiscal 2025 non-GAAP earnings of $3.42 per share, which surpassed the Zacks Consensus Estimate by 10.3% and came ahead of management’s guidance of $3.02-$3.14 (midpoint of $3.08). The bottom line increased 17.5% year over year.F5’s revenues of $731 million for the second quarter of fiscal 2025 surpassed the consensus mark by 2%. The top line increased 7.3% on a year-over-year basis. Revenues also came ahead of management’s guidance of $705-$725 million (midpoint of $7 ...

Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their profitability is expected to increase significantly over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] - Michael has over 10 years of experience in analyzing companies, particularly in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] Group 2 - The Investing Group Deep Value Returns, led by Michael, offers insights through its concentrated portfolio of value stocks, timely updates on stock picks, and a weekly webinar for live advice [3] - The group provides "hand-holding" support for both new and experienced investors, fostering an active and vibrant community accessible via chat [3] - Seeking FCF is associated with Michael Wiggins De Oliveira, indicating a collaborative approach in investment strategies [3]

Financial Data and Key Metrics Changes - F5 reported a total revenue growth of 7% year-over-year, reaching $731 million, with product revenue growing by 12% [6][29] - Non-GAAP EPS for Q2 was $3.42, reflecting an 18% increase year-over-year, exceeding guidance by $0.28 [6][37] - GAAP gross margin was 80.7%, while non-GAAP gross margin improved to 83.1%, up 98 basis points year-over-year [34][35] Business Line Data and Key Metrics Changes - Systems revenue grew by 27% year-over-year, totaling $179 million, driven by hardware refresh activities [30][31] - Software revenue remained flat at $158 million, with subscription-based software revenue down 2% year-over-year [30][32] - Global services revenue increased by 3% to $394 million, representing 54% of total revenue [29][30] Market Data and Key Metrics Changes - Revenue from The Americas grew by 3%, accounting for 54% of total revenue, while EMEA saw a 20% growth, representing 29% of revenue [33] - APAC revenue also grew by 3%, making up 17% of total revenue [33] Company Strategy and Development Direction - F5 is focusing on hybrid multi-cloud solutions to address customer challenges related to high costs, complexity, and cyber risks [44] - The introduction of the F5 Application Delivery and Security Platform (ADSP) aims to consolidate delivery and security functionalities into a single platform [8][10] - The company is leveraging AI technologies to enhance customer experiences and drive business growth, with a focus on AI for application delivery and security [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Q3 pipeline, expecting revenue between $740 million and $760 million, implying an 8% growth at the midpoint [7][40] - The FY 2025 revenue growth guidance was raised to 6.5% to 7.5%, reflecting strong first-half performance and current business dynamics [7][42] - Management noted that there are no immediate signs of demand erosion despite macroeconomic uncertainties [70][72] Other Important Information - F5 generated a record $257 million in cash flow from operations in Q2, with cash and investments totaling approximately $1.27 billion [37][38] - The company repurchased $125 million worth of shares during the quarter, equivalent to 57% of its free cash flow [38][39] Q&A Session Summary Question: Software performance in Q2 and future growth - Management acknowledged underperformance in Q2 but highlighted a strong renewal pipeline for the second half, expecting double-digit growth [48][50] Question: Hardware revenue drivers and refresh cycle - Management confirmed that hardware growth was driven by a refresh cycle and ongoing investments in hybrid multi-cloud architectures [53][56] Question: Competitive displacement opportunities - Management indicated that significant opportunities remain in displacing competitors and consolidating functionalities within existing accounts [61][64] Question: Federal government business performance - Management reported that the federal business performed in line with expectations, but there are concerns about potential disruptions in the second half [100][102]

Monday, April 28, 2025 Considering how the sky had been falling for much of this month on Wall Street, we're not doing so badly overall. Today saw a mid-day dip across major indexes, but rebounded into the green by the end of the session — all but the tech-heavy Nasdaq. The Dow gained +114 points on the day, +0.28% — after hitting -244 points at its session lows — while the S&P 500 finished +0.06%, essentially flat. The Nasdaq was mostly flat today, as well: -0.10%, while the small- cap Russell 2000 rose +0 ...

F5 Networks (FFIV) came out with quarterly earnings of $3.42 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.32%. A quarter ago, it was expected that this computer networking company would post earnings of $3.37 per share when it actually produced earnings of $3.84, delivering a surprise of 13.95%.Over the last four quarte ...

F5 (FFIV) Q2 2025 Earnings Call April 28, 2025 04:30 PM ET Company Participants Suzanne DuLong - VP, Investor RelationsFrançois Locoh-Donou - President, CEO & DirectorCooper Werner - Chief Financial OfficerTim long - Managing DirectorAmit Daryanani - Senior Managing Director - Equity ResearchSamik Chatterjee - Executive DirectorMichael Ng - Managing Director - Global Investment ResearchMichael Richards - Equity Research Senior AssociateMeta Marshall - Managing Director Conference Call Participants Ryan Koon ...

"F5's continuous innovation, technology leadership, and unique ability to address our customers' hybrid multicloud challenges were key drivers of our strong Q2 results," said François Locoh-Donou, F5's President and CEO. "Our second quarter revenue of $731 million reflects 7% growth year over year fueled by 12% product revenue growth including 27% systems revenue growth." Second Quarter Performance Summary Q2 FY25 Earnings Release Page 1 of 5 "F5 alleviates the high costs, crushing complexity, and escalatin ...