[Executive Summary](index=1&type=section&id=Executive%20Summary) [Q2 FY2025 Highlights](index=1&type=section&id=Second%20Quarter%20Performance%20Summary) F5 reported strong Q2 FY2025 results with 7% revenue growth year-over-year, driven by a significant 12% product revenue increase, including 27% systems revenue growth, with both GAAP and non-GAAP metrics showing improvements in profitability **Q2 FY2025 Revenue Performance:** | Metric | Q2 FY2025 | Q2 FY2024 | YoY Growth | | :-------------------- | :--------- | :--------- | :--------- | | Total Revenue | $731 million | $681 million | 7% | | Systems Revenue | $179 million | N/A | 27% | | Software Revenue | $158 million | $158 million | 0% | | Global Services Revenue | $394 million | N/A | 3% | **Q2 FY2025 GAAP Financial Performance:** | Metric | Q2 FY2025 | Q2 FY2024 | | :-------------------- | :--------- | :--------- | | Gross Profit | $590 million | $540 million | | Gross Margin | 80.7% | 79.3% | | Income from Operations | $159 million | $140 million | | Operating Margin | 21.7% | 20.5% | | Net Income | $146 million | $119 million | | Diluted EPS | $2.48 | $2.00 | **Q2 FY2025 Non-GAAP Financial Performance:** | Metric | Q2 FY2025 | Q2 FY2024 | | :-------------------- | :--------- | :--------- | | Gross Profit | $607 million | $559 million | | Gross Margin | 83.1% | 82.1% | | Income from Operations | $233 million | $210 million | | Operating Margin | 31.9% | 30.9% | | Net Income | $201 million | $173 million | | Diluted EPS | $3.42 | $2.91 | [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO François Locoh-Donou attributed strong Q2 results to F5's continuous innovation, technology leadership, and ability to solve hybrid multicloud challenges, highlighting the new F5 Application Delivery and Security Platform as key to addressing IT costs, complexity, and cyber risks - F5's Q2 results were driven by continuous innovation, technology leadership, and addressing hybrid multicloud challenges, with **product revenue growing 12%** and **systems revenue up 27%**[3](index=3&type=chunk) - The recently introduced F5 Application Delivery and Security Platform aims to alleviate high costs, complexity, and cyber risks in an AI-driven hybrid multicloud world by enabling consistent policies, full visibility, and AI-driven insights from a single, flexible platform[3](index=3&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) [Q3 FY2025 Guidance](index=2&type=section&id=Q3%20FY2025%20Guidance) F5 anticipates continued growth for Q3 FY2025, projecting revenue between $740 million and $760 million, representing 8% annual growth at the midpoint, driven by strong subscription software renewals and systems demand, with non-GAAP earnings per diluted share expected between $3.41 and $3.53 **Q3 FY2025 Financial Guidance:** | Metric | Range | Midpoint Growth (YoY) | | :----------- | :------------ | :-------------------- | | Revenue | $740M - $760M | 8% | | Non-GAAP EPS | $3.41 - $3.53 | N/A | - Expected Q3 FY2025 revenue growth is driven by a substantial subscription software renewal base in the quarter and continued strong systems demand[11](index=11&type=chunk) [FY2025 Full Year Guidance](index=2&type=section&id=FY2025%20Full%20Year%20Guidance) F5 raised its full fiscal year 2025 revenue growth guidance to 6.5% to 7.5% (up from 6% to 7%) and non-GAAP EPS growth to 8% to 10% (up from 6.5% to 8.5%), reflecting increased confidence in its performance **FY2025 Full Year Guidance Update:** | Metric | New Guidance | Prior Guidance | | :------------------ | :----------- | :------------- | | Revenue Growth | 6.5% - 7.5% | 6% - 7% | | Non-GAAP EPS Growth | 8% - 10% | 6.5% - 8.5% | - On a tax-neutral basis, the midpoint of F5's fiscal year 2025 non-GAAP earnings per share guidance reflects **better than 10% growth** year over year[12](index=12&type=chunk) [Forward-Looking Statements & Non-GAAP Exclusions](index=2&type=section&id=Forward%20Looking%20Statements) This section outlines the forward-looking nature of the business outlook, subject to various risks and uncertainties, and details the specific items excluded from non-GAAP measures, such as amortization of intangibles, share-based compensation, and non-recurring tax adjustments, due to their variability and low visibility - Forward-looking non-GAAP measures exclude estimates for amortization of intangible assets, share-based compensation expenses, significant tax effects, non-recurring tax adjustments, valuation allowance on deferred tax assets, and the income tax effect of non-GAAP exclusions[13](index=13&type=chunk) - F5 is unable to provide a reconciliation of forward-looking non-GAAP earnings guidance to GAAP measures without unreasonable effort due to the overall high variability and low visibility of most excluded items[13](index=13&type=chunk) - Actual results could differ materially from projections due to risk factors including customer acceptance of offerings, disruptions to the global supply chain, global economic conditions, competitive factors, and potential security flaws or cybersecurity attacks[16](index=16&type=chunk) [Company Information](index=1&type=section&id=Company%20Information) [About F5](index=5&type=section&id=About%20F5) F5, Inc. is a global leader in delivering and securing applications, leveraging three decades of expertise to provide the F5 Application Delivery and Security Platform (ADSP), which secures apps and APIs across various environments to deliver fast, available, and secure digital experiences - F5, Inc. (NASDAQ:FFIV) is the **global leader** that delivers and secures every app, backed by three decades of expertise[25](index=25&type=chunk) - F5 has built the industry's premier platform—F5 Application Delivery and Security Platform (ADSP)—to deliver and secure every app, every API, anywhere: on-premises, in the cloud, at the edge, and across hybrid, multicloud environments[25](index=25&type=chunk) [Investor Relations & Media Contacts](index=1&type=section&id=Contacts) This section provides contact information for F5's investor relations and media inquiries, along with details for accessing the live webcast and conference call reviewing financial results and outlook - Investor Contact: **Suzanne DuLong, +1 (206) 272-7049, s.dulong@f5.com**[2](index=2&type=chunk) - Media Contact: **Rob Gruening, +1 (206) 272-6208, r.gruening@f5.com**[2](index=2&type=chunk) - F5 hosted a live webcast and conference call to review financial results and outlook on **April 28, 2025, at 4:30 pm ET**, accessible from the investor relations page of F5.com[14](index=14&type=chunk) [GAAP to Non-GAAP Reconciliation Principles](index=3&type=section&id=GAAP%20to%20non-GAAP%20Reconciliation) [Basis for Non-GAAP Adjustments](index=3&type=section&id=Basis%20for%20Non-GAAP%20Adjustments) F5's management uses non-GAAP measures to evaluate core business performance, excluding specific items like stock-based compensation, amortization of purchased intangibles, facility-exit costs, acquisition-related charges, and restructuring charges, justified by their non-cash nature, non-recurring status, or lack of direct reflection on ongoing operations - Management evaluates and makes operating decisions using non-GAAP net income, which excludes stock-based compensation, amortization and impairment of purchased intangible assets, facility-exit costs, acquisition-related charges, restructuring charges, and certain non-recurring tax expenses and benefits[17](index=17&type=chunk)[18](index=18&type=chunk) - Stock-based compensation is excluded to better understand the long-term performance of the core business and facilitate comparison of results to peer companies, despite being an important aspect of employee compensation[18](index=18&type=chunk) - Amortization and impairment of purchased intangible assets, facility-exit costs, acquisition-related charges, and restructuring charges are excluded because they are generally non-recurring, not reflective of ongoing operations, or cannot be influenced by management after acquisition[19](index=19&type=chunk)[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) [Management's Use and Investor Considerations](index=4&type=section&id=Management%27s%20Use%20and%20Investor%20Considerations) While non-GAAP measures offer supplemental insight into core business operations and historical comparisons, management acknowledges their limitations due to the material effect excluded items could have on GAAP earnings, encouraging investors to consider non-GAAP measures in addition to, not as a substitute for, GAAP results - Management finds non-GAAP net income per share useful for evaluating core business performance and historical comparisons, but acknowledges that excluded items could materially affect GAAP earnings[23](index=23&type=chunk) - Investors should consider non-GAAP measures in addition to, and not as a substitute for, financial performance measures in accordance with GAAP, as GAAP results are considered the best measure of financial performance[23](index=23&type=chunk)[24](index=24&type=chunk) [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, F5's total assets increased to $5.91 billion from $5.61 billion at September 30, 2024, primarily driven by an increase in cash and cash equivalents, with total liabilities and shareholders' equity also seeing increases **Consolidated Balance Sheet Highlights (March 31, 2025 vs September 30, 2024):** | Metric | March 31, 2025 (in thousands) | September 30, 2024 (in thousands) | Change | | :-------------------------- | :------------------------------ | :-------------------------------- | :------- | | Total Assets | $5,906,577 | $5,613,004 | +$293,573 | | Cash and cash equivalents | $1,259,282 | $1,074,602 | +$184,680 | | Total Current Assets | $2,336,174 | $2,109,471 | +$226,703 | | Total Current Liabilities | $1,524,100 | $1,489,653 | +$34,447 | | Deferred Revenue (Current) | $1,200,580 | $1,121,683 | +$78,897 | | Deferred Revenue (Long-term) | $722,019 | $676,276 | +$45,743 | | Total Shareholders' Equity | $3,314,045 | $3,129,378 | +$184,667 | [Consolidated Income Statements](index=7&type=section&id=Consolidated%20Income%20Statements) For the three months ended March 31, 2025, F5 reported total net revenues of $731.1 million, a 7.3% increase year-over-year, driven by product revenue growth, with significant increases in gross profit, net income, and diluted EPS for both the three and six-month periods **Three Months Ended March 31, 2025 vs 2024 (GAAP):** | Metric | 2025 (in thousands) | 2024 (in thousands) | YoY Change | YoY Growth | | :-------------------- | :------------------ | :------------------ | :--------- | :--------- | | Net Revenues | $731,123 | $681,354 | +$49,769 | 7.3% | | Products Revenue | $337,196 | $300,162 | +$37,034 | 12.3% | | Services Revenue | $393,927 | $381,192 | +$12,735 | 3.3% | | Gross Profit | $590,164 | $540,241 | +$49,923 | 9.2% | | Income from Operations | $158,897 | $139,960 | +$18,937 | 13.5% | | Net Income | $145,530 | $119,021 | +$26,509 | 22.3% | | Diluted EPS | $2.48 | $2.00 | +$0.48 | 24.0% | **Six Months Ended March 31, 2025 vs 2024 (GAAP):** | Metric | 2025 (in thousands) | 2024 (in thousands) | YoY Change | YoY Growth | | :-------------------- | :------------------ | :------------------ | :--------- | :--------- | | Net Revenues | $1,497,612 | $1,373,951 | +$123,661 | 9.0% | | Products Revenue | $705,693 | $606,021 | +$99,672 | 16.4% | | Services Revenue | $791,919 | $767,930 | +$23,989 | 3.1% | | Gross Profit | $1,216,143 | $1,096,449 | +$119,694 | 10.9% | | Income from Operations | $363,979 | $304,476 | +$59,503 | 19.5% | | Net Income | $311,975 | $257,403 | +$54,572 | 21.2% | | Diluted EPS | $5.30 | $4.32 | +$0.98 | 22.7% | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended March 31, 2025, net cash provided by operating activities increased to $459.4 million from $387.0 million in the prior year, primarily driven by higher net income and a significant increase in deferred revenue, while net cash used in investing activities decreased and financing activities remained substantial due to common stock repurchases **Six Months Ended March 31, 2025 vs 2024 (Cash Flow Highlights):** | Metric | 2025 (in thousands) | 2024 (in thousands) | Change | | :------------------------------------ | :------------------ | :------------------ | :------- | | Net cash provided by operating activities | $459,379 | $386,955 | +$72,424 | | Net cash used in investing activities | $(30,576) | $(47,022) | +$16,446 | | Net cash used in financing activities | $(244,280) | $(236,139) | -$8,141 | | Net increase in cash, cash equivalents | $184,523 | $103,794 | +$80,729 | | Deferred revenue (change in operating liabilities) | $124,640 | $36,855 | +$87,785 | | Payments for repurchase of common stock | $(252,068) | $(250,029) | -$2,039 | [Detailed GAAP to Non-GAAP Reconciliation](index=9&type=section&id=GAAP%20to%20Non-GAAP%20Reconciliation) This section provides a detailed reconciliation of GAAP to non-GAAP financial measures for gross profit, income from operations, net income, and diluted EPS for both the three and six months ended March 31, 2025 and 2024, with key adjustments including stock-based compensation, amortization of purchased intangibles, facility-exit costs, acquisition-related charges, restructuring charges, and their associated tax effects **Three Months Ended March 31, 2025 vs 2024 (Non-GAAP Adjustments - Selected):** | Adjustment Type | Q2 FY2025 (in thousands) | Q2 FY2024 (in thousands) | | :------------------------------------------ | :----------------------- | :----------------------- | | Stock-based compensation (Gross Profit) | $7,393 | $7,447 | | Amortization of intangibles (Gross Profit) | $9,283 | $11,633 | | Stock-based compensation (Income from Operations) | $58,884 | $55,141 | | Amortization of intangibles (Income from Operations) | $10,095 | $13,622 | | Facility-exit costs (Income from Operations) | $4,264 | $(732) | | Acquisition-related charges (Income from Operations) | $1,214 | $2,390 | | Tax effects related to above items (Net Income) | $(18,893) | $(16,369) | **Six Months Ended March 31, 2025 vs 2024 (Non-GAAP Adjustments - Selected):** | Adjustment Type | 6M FY2025 (in thousands) | 6M FY2024 (in thousands) | | :------------------------------------------ | :----------------------- | :----------------------- | | Stock-based compensation (Gross Profit) | $14,793 | $15,131 | | Amortization of intangibles (Gross Profit) | $18,567 | $22,866 | | Stock-based compensation (Income from Operations) | $116,792 | $111,143 | | Amortization of intangibles (Income from Operations) | $20,238 | $27,937 | | Restructuring charges (Income from Operations) | $11,321 | $8,562 | | Tax effects related to above items (Net Income) | $(39,649) | $(31,152) |

Core Viewpoint - F5 Inc. (FFIV) is expected to exceed earnings expectations for the second quarter of fiscal 2025, with projected non-GAAP EPS in the range of $3.02-$3.14, and a consensus estimate of $3.10 indicating a year-over-year increase of 6.5% [1][2]. Financial Projections - F5 anticipates non-GAAP revenues between $705 million and $725 million, with a consensus estimate of $716.9 million, reflecting a year-over-year growth of 5.2% [2]. Performance Drivers - The Product segment is likely to benefit from recovering demand for software solutions, despite IT budget cuts due to macroeconomic uncertainties, with estimated Software revenues at $173.1 million [3]. - Technology refresh activities are expected to enhance Systems segment sales, with estimated revenues of $151.2 million, contributing to an overall Product revenue estimate of $324.3 million, indicating an 8% year-over-year increase [4]. - The growth in BIG-IP and NGINX subscription software deals is anticipated to be a significant driver, with strong demand from large enterprises for cloud and Kubernetes workloads [5]. Cost Management - Cost-saving initiatives, including headcount reduction and facility footprint elimination, are likely to positively impact the bottom line [6]. Earnings Prediction - The combination of a positive Earnings ESP of +0.69% and a Zacks Rank of 3 suggests a strong likelihood of an earnings beat for F5 [7][8].

Core Insights - F5 Networks (FFIV) is expected to report quarterly earnings of $3.10 per share, reflecting a year-over-year increase of 6.5% [1] - Anticipated revenues for the quarter are projected to be $716.85 million, indicating a 5.2% increase compared to the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been revised 0.2% lower over the last 30 days, indicating a reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Breakdown - Analysts estimate 'Net revenues- Services' at $390.56 million, representing a 2.5% increase year-over-year [4] - 'Net revenues- Products' are forecasted to reach $326.29 million, suggesting an 8.7% year-over-year change [5] - 'Net product revenues- Software' are expected to be $178.08 million, indicating a 12.4% increase year-over-year [5] - 'Net product revenues- Systems' are projected at $148.45 million, reflecting a 4.8% increase from the prior-year quarter [5] Stock Performance - F5 shares have decreased by 7.4% over the past month, compared to a 6.6% decline in the Zacks S&P 500 composite [6] - F5 holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]

Core Viewpoint - F5 Networks (FFIV) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended March 2025, with a consensus EPS estimate of $3.10, reflecting a 6.5% increase, and revenues expected to reach $716.85 million, up 5.2% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for April 28, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised down by 0.06% over the last 30 days, indicating a slight reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +1.71% for F5, suggesting analysts have recently become more optimistic about the company's earnings prospects [10]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. Historical Performance - F5 has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a surprise of +13.95% in the most recent quarter [12][13]. Industry Comparison - AppFolio (APPF), another player in the Zacks Internet - Software industry, is expected to report earnings of $1.22 per share, reflecting a year-over-year increase of 16.2%, with revenues projected at $221.56 million, up 18.2% [17]. - AppFolio's consensus EPS estimate has remained unchanged, but its Earnings ESP of 0.61% combined with a Zacks Rank of 4 (Sell) complicates predictions for an earnings beat [18].

Core Viewpoint - F5 Networks (FFIV) is positioned well to continue its trend of beating earnings estimates in the upcoming quarterly report [1]. Earnings Performance - F5 Networks has a strong history of surpassing earnings estimates, averaging a 10.16% beat over the last two quarters [2]. - In the most recent quarter, F5 reported earnings of $3.84 per share, exceeding the expected $3.37 per share by 13.95% [2]. - For the previous quarter, the company reported $3.67 per share against an estimate of $3.45 per share, resulting in a surprise of 6.38% [2]. Earnings Estimates and Predictions - Recent estimates for F5 have been increasing, indicating a positive outlook for future earnings [5]. - The Zacks Earnings ESP for F5 is currently +1.71%, suggesting analysts are optimistic about the company's near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of another earnings beat [5][8]. Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. Upcoming Earnings Report - F5's next earnings report is anticipated to be released on April 28, 2025 [8].

Core Insights - Five9 (FIVN) currently presents a better value opportunity compared to F5 Networks (FFIV) based on various financial metrics and rankings [1][3]. Valuation Metrics - Five9 has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while F5 Networks has a Zacks Rank of 3 (Hold) [3]. - The forward P/E ratio for Five9 is 8.26, significantly lower than F5 Networks' forward P/E of 16.84, suggesting that Five9 is undervalued [5]. - Five9's PEG ratio is 0.49, indicating strong expected EPS growth relative to its price, whereas F5 Networks has a PEG ratio of 2.38, suggesting less favorable growth prospects [5]. - Five9 has a P/B ratio of 2.60, compared to F5 Networks' P/B of 4.30, further supporting the argument that Five9 is a more attractive value option [6]. - Overall, Five9's Value grade is B, while F5 Networks' Value grade is D, highlighting the superior valuation metrics of Five9 [6].

Summary of the Conference Call on AI Data Center Equipment Market Industry Overview - The conference call focused on the AI data center equipment market, specifically networking and server segments, with insights from 650 Group data for 4Q24 and projections for 2025-2028 [1][2]. Key Market Insights - **Market Share Changes**: In 4Q24, Arista Networks (ANET) and Cisco Systems (CSCO) gained market share in AI Ethernet, while Nvidia (NVDA) lost share. Dell Technologies (DELL) and Super Micro Computer Inc. (SMCI) lost share to white box competitors in the AI server market [1]. - **Growth Projections**: The AI data center switching market is expected to grow at a +41% compound annual growth rate (CAGR) from 2024 to 2028, reaching $22 billion. The AI server market is projected to grow at a +31% CAGR, reaching $335 billion by 2028 [2][3][4]. Detailed Market Estimates - **AI Data Center Switching**: - Back end Ethernet is projected to grow by +60% to $12 billion by 2028. - Front end Ethernet is expected to grow by +52% to $8 billion by 2028. - Infiniband is expected to remain stable at $2 billion by 2028 [3]. - **AI Servers**: - Hyperscaler customers are expected to see an +18% CAGR, Tier 2 Cloud at +58%, and enterprise at +48% [4]. - In 4Q24, SMCI's market share in hyperscale AI servers decreased by -3 percentage points to 4%, while white box share increased by +4 percentage points to 26% [4]. Company-Specific Insights - **Arista Networks (ANET)**: Rated as a "Buy" with a target price of $145, benefiting from strong cloud spending and digital transformation trends [16][24]. - **Cisco Systems (CSCO)**: Rated as "Neutral" with a target price of $63, facing market share losses but maintaining a comprehensive product offering [17][27]. - **Dell Technologies (DELL)**: Rated as a "Buy" with a target price of $145, positioned to benefit from AI server demand and strong growth in enterprise solutions [18][30]. - **Super Micro Computer Inc. (SMCI)**: Rated as "Neutral" with a target price of $40, well-positioned in AI infrastructure but facing competitive pressures in the enterprise segment [20][34]. Risks and Challenges - **General Risks**: Slower cloud capital expenditure, customer concentration risks, competition from lower-cost providers, and potential margin degradation due to supply chain issues [26][28][31][36]. - **Company-Specific Risks**: - ANET faces risks from customer concentration with major clients like META and MSFT [24]. - CSCO is challenged by competition from white box solutions and smaller companies [27]. - DELL may encounter weaker-than-expected demand in consumer and commercial PC markets [31]. - SMCI faces risks from customer concentration and potential cybersecurity concerns [36]. Conclusion - The AI data center equipment market is poised for significant growth, particularly in AI switching and server segments, with key players like ANET, CSCO, DELL, and SMCI navigating competitive landscapes and market dynamics. The outlook remains robust, but companies must address various risks to capitalize on growth opportunities.

Core Insights - Definitive Healthcare Corp. (DH) is currently viewed as a better value opportunity compared to F5 Networks (FFIV) based on various financial metrics and analyst outlooks [1][7]. Valuation Metrics - DH has a forward P/E ratio of 17.28, while FFIV has a forward P/E of 21.59, indicating that DH is potentially undervalued [5]. - The PEG ratio for DH is 1.89, compared to FFIV's PEG ratio of 3.05, suggesting that DH has a more favorable earnings growth outlook relative to its price [5]. - DH's P/B ratio stands at 0.89, significantly lower than FFIV's P/B of 5.52, further indicating DH's relative undervaluation [6]. Analyst Ratings - DH holds a Zacks Rank of 2 (Buy), reflecting stronger earnings estimate revision activity, while FFIV has a Zacks Rank of 3 (Hold) [3]. - The superior analyst outlook for DH suggests a more positive sentiment among analysts compared to FFIV [3][7]. Value Grades - DH has been assigned a Value grade of B, whereas FFIV has received a Value grade of D, highlighting DH's more attractive valuation metrics [6].

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting competent advisors before making any financial decisions, particularly in the context of investments and trading [1]. Group 1 - The website provides general news, personal analysis, and third-party content intended for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as recommendations or advice for any financial actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to apply their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and contracts for difference (CFDs), which carry a high risk of losing money [1]. - Users are encouraged to perform their own research and understand the risks involved before investing in any financial instruments [1].

Core Insights - F5 Networks' international operations are crucial for understanding its financial resilience and growth potential [1][2] - The company's total revenue for the quarter was $766.49 million, reflecting a 10.7% increase [4] International Revenue Breakdown - Asia Pacific contributed $130.13 million, or 16.98% of total revenue, exceeding analyst expectations by +6.92% [5] - The "Other" category generated $24.59 million, accounting for 3.21% of total revenue, also surpassing estimates by +4.09% [6] - Europe, Middle East and Africa brought in $204.39 million, making up 26.67% of total revenue, with a surprise of +6.5% compared to projections [7] Future Revenue Predictions - Analysts project F5 will achieve revenues of $716.46 million for the ongoing fiscal quarter, a 5.2% increase year-over-year [8] - For the full year, total revenue is expected to reach $2.99 billion, up 6.3% from the previous year [9] Market Performance - F5's stock has increased by 20.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.1% [12] - Over the past three months, F5 shares gained 28.6%, compared to a 1.2% increase in the S&P 500 [12]