| --- | --- | --- | |--------------------------------------------|-------|-------| | | | | | Q3FY20 Results PERIOD ENDING JUNE 30, 2020 | | | | Published July 27, 2020 | | | Forward-looking statements This presentation and associated commentary contains forward-looking statements including, among other things, statements regarding the continuing strength and momentum of F5's business, future financial performance, projected and target revenue and earnings ranges, income, earnings per share, share amounts an ...

Financial Data and Key Metrics Changes - Q3 GAAP revenue was $583 million, while non-GAAP revenue was $586 million, reflecting a 4% year-over-year increase and exceeding guidance of $555 million to $585 million [17][22] - Non-GAAP net income was $134 million or $2.18 per share, above the top end of guidance due to strong revenue performance and disciplined expense management [22] - GAAP gross margin was 81.8%, and non-GAAP gross margin was 84.4% [21] Business Line Data and Key Metrics Changes - Software revenue grew 43% year-over-year to $97 million, representing approximately 38% of product revenue, up from 27% in the prior year [18] - Services revenue increased by 5% year-over-year to $330 million, accounting for 56% of total revenue [19] - Systems revenue decreased by 12% year-over-year to $159 million [20] Market Data and Key Metrics Changes - Americas revenue grew by 11% year-over-year, representing 57% of total revenue, while EMEA grew by 6%, accounting for 24% of revenue [20] - APAC revenue declined by 15% year-over-year, making up 19% of total revenue [20] Company Strategy and Development Direction - The company is focusing on a "human first" approach, emphasizing support for customers during the pandemic and social issues [8][9] - F5 aims to leverage its incumbency and broad solutions portfolio to support customers' digital transformation efforts [15][36] - The vision includes creating adaptive applications that can evolve based on environmental needs, enhancing customer engagement and operational efficiency [49][79] Management's Comments on Operating Environment and Future Outlook - Management noted that demand has proven more resilient than initially expected, with customers accelerating digital transformation initiatives [32][35] - The company anticipates longer purchasing cycles due to economic uncertainty but expects to benefit from being a trusted partner for large enterprises [26][27] - Guidance for Q4 FY '20 non-GAAP revenue is projected to be between $595 million and $615 million [26] Other Important Information - Deferred revenue increased by 9% year-over-year to $1.3 billion, driven by maintenance contracts and acquired Shape deferred revenue [24] - The company raised over $124,000 for social justice initiatives in one month, reflecting its commitment to diversity and inclusion [13] Q&A Session Summary Question: Performance in the cloud or hyperscale space - Management noted continued growth in public cloud, driven by partnerships with AWS and NGINX deployments [82][84] Question: Positioning in the 5G world - The company is seeing a ramp-up in 5G opportunities, leveraging its software-driven solutions for cloud-native environments [87] Question: NGINX integrated architecture - The combined architecture is leading to more multi-product deals, indicating strong traction in the market [91][92] Question: Interest in ELAs - Demand for ELAs remains strong, with more transactions than ever before, often combining multiple F5 products [122] Question: AWS partnership update - Progress is being made with AWS, with expectations for further acceleration in 2021 due to joint solution integration [123] Question: Timeline for various phases of application services - The company is positioned in Phase 2 with expectations for significant growth in Kubernetes deployments and software contributions [125]

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, no par value FFIV NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissi ...

F5 Networks, Inc. (NASDAQ:FFIV) Q2 2020 Earnings Conference Call April 27, 2020 4:30 PM ET Company Participants Suzanne DuLong - VP, IR François Locoh-Donou - President and CEO Frank Pelzer - EVP and CFO Conference Call Participants James Fish - Piper Sandler Tim Long - Barclays Capital Sami Badri - Credit Suisse Rod Hall - Goldman Sachs Alex Henderson - Needham & Company Meta Marshall - Morgan Stanley Paul Silverstein - Cowen & Company Amit Daryanani - Evercore ISI Joe Cardoso - JPMorgan Operator Good afte ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, no par value FFIV NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commi ...

Table of Contents Emerging Growth Company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 000-26041 F5 Networks, Inc. (Exact name of Registrant as specified in its charter) Washing ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, no par value FFIV NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commissio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-26041 | --- | --- | |---------------------------------------------------------------------------------------------------| ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 000-26041 | --- | --- | |------------------------------------------------------------------------------------------------- ...