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F5 Inc $FFIV Q3 report:
EPS: $4.73 Est: $4.00
Revende: $865.1M Est: $834.6M
Net product revenue increased 19% YoY to $462.8 million, confirming demand for cloud security. Services revenue also rose 2.7% to $402.2 million.
The company increased its adjusted gross profit margin to 84.2%. Multi-cloud infrastructures for AI factories and cybersecurity solutions drove this growth. F5 announced that it has raised its revenue growth forecast for the full fiscal year from the 7-8% range to the 9-10% range.