F5 said revenue for fiscal 2024 Q2 declined 3% from the year-earlier period to $681 million, compared with $703 million a year earlier. Software revenue grew 20% to $159 million, while systems revenue fell 32% to $142 million.

1. 01

   F5 said revenue for fiscal 2024 Q2 declined 3% from the year-earlier period to $681 million, compared with $703 million a year earlier. Software revenue grew 20% to $159 million, while systems revenue fell 32% to $142 million.

2. 02

   The company said its GAAP operating margin for Q2 was 20.5% (15.1% a year earlier), and its GAAP diluted earnings per share were $2.00 ($1.34 a year earlier). Its non-GAAP operating margin was 30.9% (27.2% a year earlier), and its non-GAAP diluted earnings per share were $2.91 ($2.53 a year earlier).

3. 03

   F5 said it expects revenue of $675 million to $695 million and non-GAAP diluted earnings per share of $2.89 to $3.01 for Q3. It raised its full-year non-GAAP earnings per share growth outlook to 7% to 9% from its prior range of 6% to 8%. It also expects full-year revenue to be flat to down 2% from the prior year.

4. 04

   The company reported that for the 6 months ended March 31, 2024, net cash provided by operating activities was $386,955 thousand ($298,554 thousand a year earlier), and payments for share repurchases were $250,029 thousand ($40,005 thousand a year earlier).

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Original filing

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