[ad_1]
F5 Networks (NASDAQ: FFIV) has reported monetary outcomes for the primary quarter of 2023, reporting a modest enhance in revenues and decrease internet revenue.
Internet revenue for the primary quarter, on a reported foundation, was $72 million or $1.20 per share, in comparison with $94 million or $1.51 per share within the corresponding interval of 2022. On an adjusted foundation, earnings dropped 15% yearly to $2.47 per share.
In the meantime, complete income grew 2% from the year-ago interval to $700 million within the first three months of 2023, with
international providers income rising 5% and product income dropping 1%.
“We stay dedicated to sustaining double-digit nonGAAP earnings progress this yr and on an annual foundation going ahead and we are going to proceed to guage our value base and take additional motion as wanted to realize this objective,” stated F5’s CEO François Locoh-Donou.
[ad_2]
Source link
