F5 Networks Misses on Q1 Expectations but Beats on Guidance

In its fiscal Q1 2013 results, F5 Networks announced revenue of $366 million and posted non-GAAP net income of $91 million ($1.14 per diluted share) during the quarter. Those figures were 13% and 10% higher, respectively, on a year-over-year basis.

Analysts were predicting $367 million in revenue and an EPS of $1.15.

The company's earnings guidance for the current quarter exceeded expectations, however. It set a goal for revenue to come in at $370 million to $380 million and for an EPS of $1.21 to $1.24. The market had anticipated nearly $380 million and $1.20, respectively.

F5 Networks added that it brought on 95 new employees during Q1 and generated $145 million in cash from operations.

The article F5 Networks Misses on Q1 Expectations but Beats on Guidance originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in F5 Networks. The Motley Fool recommends and owns shares of F5 Networks. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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