NEW YORK (Thomson Financial) - F5 Networks Inc. reported fiscal
first-quarter adjusted earnings of $28.8 million, or 33 cents a share, exceeding
the mean estimate of analysts surveyed by Thomson Financial of 21 cents a share.
Revenue for the quarter ending Dec. 31 rose 28% to $154.2 million from $120
million in the same period a year ago, compared with analyst forecasts of $155.4
million, amid a 20% increase in product revenue and 57% growth in services
revenue.
The Seattle-based network security company said it expects adjusted
second-quarter earnings of 33 to 34 cents a share, above Wall Street projections
of 22 cents a share.
The company also said it set has authorized the buyback of up to an
additional $200 million worth of its common stock.
The stock closed Wednesday's regular session at $20.20.
Tomi Kilgore
tk1
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