F5 Networks beats by $0.07, beats on revs; guides Q1 EPS in-line, revs above consensus
Reports Q4 (Sep) earnings of $1.26 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of $1.19; revenues rose 9.0% year/year to $395.3 mln vs the $384.83 mln consensus.
Co issues mixed guidance for Q1, sees EPS of $1.17-1.20 vs. $1.20 Capital IQ Consensus Estimate; sees Q1 revs of $390-400 mln vs. $389.16 mln Capital IQ Consensus Estimate
F5 Networks, Inc. (NASDAQ: FFIV) today announced revenue of $395.3 million for the fourth quarter of fiscal year 2013, up 7 percent from $370.3 million in the prior quarter and 9 percent from $362.6 million in the fourth quarter of fiscal year 2012. For fiscal year 2013, revenue was $1.48 billion, up 8 percent from $1.38 billion in fiscal year 2012.
GAAP net income for the fourth quarter was $76.2 million ($0.97 per diluted share) compared to $68.2 million ($0.86 per diluted share) in the third quarter of 2013 and $67.7 million ($0.85 per diluted share) in the fourth quarter a year ago. GAAP net income for fiscal year 2013 was $277.3 million ($3.50 per diluted share) versus $275.2 million ($3.45 per diluted share) in fiscal year 2012.
Excluding the impact of stock-based compensation, amortization of purchased intangible assets and a loss on a facility sublease, non-GAAP net income for the fourth quarter was $99.2 million ($1.26 per diluted share), compared to $88.4 million ($1.12 per diluted share) in the prior quarter and $88.7 million ($1.12 per diluted share) in the fourth quarter of fiscal 2012. For fiscal year 2013, non-GAAP net income was $362.9 million ($4.59 per diluted share) versus $348.6 million ($4.37 per diluted share) in fiscal year 2012.