AI English summary of an SEC filing — figures as filed
F5 FFIVF5 said first quarter fiscal 2024 revenue declined 1% from the year-ago period to $693 million, compared with $700 million in the year-ago period. Global services revenue grew 7%, while product revenue declined 10%.
Key points
AI summaryF5 said first quarter fiscal 2024 revenue declined 1% from the year-ago period to $693 million, compared with $700 million in the year-ago period. Global services revenue grew 7%, while product revenue declined 10%.
The company said first quarter GAAP operating profit was $165 million, or a GAAP operating margin of 23.8%, and GAAP net income was $138 million, or $2.32 per diluted share. In the year-ago period, GAAP operating profit was $91 million (13.0% operating margin) and GAAP net income was $72 million ($1.20 per diluted share).
The company expects second quarter fiscal 2024 revenue of $675 million to $695 million and non-GAAP diluted earnings per share of $2.79 to $2.91. It said it raised its full-year non-GAAP earnings per share growth outlook to 6% to 8% from 5% to 7%.
The company reported that operating cash flow was $165,318 thousand for the three months ended December 31, 2023, and that it paid $150,018 thousand for share repurchases. Operating cash flow in the year-ago period was $157,631 thousand, and share repurchase payments were $40,005 thousand.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q1 Revenue Falls 1% Year over Year to $693 million
F5 said first quarter fiscal 2024 revenue declined 1% from the year-ago period to $693 million, compared with $700 million in the year-ago period. Global services revenue grew 7%, while product revenue declined 10%.
Source · Based on the filing body and exhibits
GAAP Operating Margin at 23.8%, Net Income at $138 million
The company said first quarter GAAP operating profit was $165 million, or a GAAP operating margin of 23.8%, and GAAP net income was $138 million, or $2.32 per diluted share. In the year-ago period, GAAP operating profit was $91 million (13.0% operating margin) and GAAP net income was $72 million ($1.20 per diluted share).
Source · Based on the filing body and exhibits
Second-Quarter Outlook and Full-Year Non-GAAP EPS Outlook Revised
The company expects second quarter fiscal 2024 revenue of $675 million to $695 million and non-GAAP diluted earnings per share of $2.79 to $2.91. It said it raised its full-year non-GAAP earnings per share growth outlook to 6% to 8% from 5% to 7%.
Source · Based on the filing body and exhibits
3-Month Operating Cash Flow and Share Repurchases
The company reported that operating cash flow was $165,318 thousand for the three months ended December 31, 2023, and that it paid $150,018 thousand for share repurchases. Operating cash flow in the year-ago period was $157,631 thousand, and share repurchase payments were $40,005 thousand.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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