F5 Networks reports 13 pct rise in profit

Reuters

Oct 23 (Reuters) - Network gear maker F5 Networks Inc reported a 13 percent rise in quarterly profit, helpedby strong demand for its new products, sending its shares up 10percent after the bell.

Net income rose to $76.2 million, or 97 cents per share, inthe fourth quarter, from $67.7 million, or 85 cents per share, ayear earlier.

Revenue rose to $395.3 million from $362.6 million.

F5 supplies data traffic management equipment to companiessuch as Facebook Inc, Pandora Media Ltd, MakeMyTripLtd and the U.S. government.

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