F5 Networks (NASDAQ:FFIV) reported third-quarter results that exceeded analyst projections and raised its full-year outlook, sending shares up 6% in Wednesday’s session.
The application delivery and security company posted adjusted earnings of $4.16 per share for the quarter ended June 30, beating the analyst estimate of $3.50. Revenue rose to $780 million, surpassing the $752.79 million consensus and increasing 12% from the prior year.
Product revenue surged 26%, including a 39% increase in systems revenue and 16% growth in software revenue. Global services revenue grew 1% year-over-year.
Looking ahead, F5 Networks forecasted fourth-quarter revenue between $780 million and $800 million, above the $779.2 million consensus. The company expects adjusted EPS of $3.87 to $3.99, ahead of the $3.84 average estimate.
F5 now anticipates full-year revenue growth of roughly 9%, up from its previous projection of 6.5% to 7.5%, and lifted its adjusted earnings growth forecast to 14–15% for fiscal 2025 from prior guidance of 8–10%.
