F5 (FFIV) Q2 Earnings Surpass Estimates, Revenues Fall Y/Y

F5, Inc. (FFIV) reported mixed second-quarter fiscal 2024 results. This Seattle, WA-based company’s non-GAAP earnings of $2.91 per share beat the Zacks Consensus Estimate of $2.88 and increased 13.8% from the year-ago quarter’s $2.53.The bottom line was at the higher end of management’s guidance range of $2.79-$2.91 per share. The robust bottom-line performance reflects the combined impact of gross margin improvement and disciplined operating expense management.F5’s revenues of $681 million for the fiscal s ...