Software safety pioneer F5 Networks this afternoon claimed fiscal Q1 profits and earnings that topped analysts’ expectations, and forecast this quarter’s revenue bigger, but financial gain a little bit below, sending its shares sharply reduce in late investing.
Profits in the 3 months finished in December rose to $625 million, yielding EPS of $2.59.
Analysts experienced been modeling $623 million and $2.45 for each share.
Also: F5 to purchase multi-cloud stability software program maker Volterra for $500 million, raises monetary outlook
The final results review to a lifted forecast for $623 million to $626 million in revenue available two weeks in the past, when the enterprise announced it would acquire privately held, Volterra of Santa Clara, California, a maker of dispersed multi-cloud application security and load-balancing computer software.
For the present quarter, the business sees profits in a assortment of $625 million to $645 million, increased than the consensus for $621 million and EPS in a range of $2.32 to $2.44, a bit below consensus for $2.41.
F5 shares are down about 3% at $203 in after-hours investing and experienced to begin with dropped as significantly as 6%.
Also: F5 Networks tops third quarter earnings targets