F5 sees strong profit growth

Investor's Business Daily

The provider of products to optimize Internet systems and company networks reported higher profit and sales, but results came in a bit light. F5 Networks (FFIV) said fiscal Q1 EPS rose 11% to $1.14, a tad under Wall Street's target. Sales hiked 13% to $365.5 mil, undershooting forecasts of $366.7 mil. F5 said strong sales to business customers were offset by slower federal sales. It forecast Q2 EPS of $1.21-$1.24, beating estimates for $1.20. Shares rose 2.1% to 98.81.

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