Q2FY25 Financial Performance - F5's Q2FY25 revenue reached $731 million, a 7% increase year-over-year[8] - Product revenue grew by 12% year-over-year[12] - Systems revenue increased significantly by 27% year-over-year[13] - Non-GAAP EPS grew by 18% year-over-year[14] - Q2FY25 GAAP EPS was $2.48, compared to $2.00 in Q2FY24[8] - Q2FY25 Non-GAAP EPS was $3.42, compared to $2.91 in Q2FY24[9] Revenue Breakdown - Software revenue accounted for 27% of total revenue in Q2FY25[51] - Subscription software constituted 87% of the total software revenue in Q2FY25[54, 55] - Recurring revenue (subscription, SaaS & managed services, and maintenance) accounted for 72% of total revenue, amounting to $525 million[60] Geographic Performance - The Americas contributed 54% of the revenue, with a 3% year-over-year growth[62] - EMEA accounted for 29% of the revenue, showing a 20% year-over-year growth[62] - APAC contributed 17% of the revenue, with a 3% year-over-year growth[62] FY25 Outlook - F5 is raising its FY25 total revenue growth outlook to 6.5% to 7.5% year-over-year[16] - The company is also raising its FY25 Non-GAAP EPS growth outlook to 8% to 10% year-over-year[16]