AI English summary of an SEC filing — figures as filed
F5 FFIVThe company said revenue for fiscal 2024 Q3 totaled $695 million, down from $703 million a year earlier. Software revenue of $179 million rose 3%, systems revenue of $130 million fell 16%, and global services revenue of $387 million grew 3%.
Key points
AI summaryThe company said revenue for fiscal 2024 Q3 totaled $695 million, down from $703 million a year earlier. Software revenue of $179 million rose 3%, systems revenue of $130 million fell 16%, and global services revenue of $387 million grew 3%.
F5 said GAAP operating profit for Q3 was $163 million, with a GAAP operating margin of 23.4%, and net income was $144 million, or $2.44 per diluted share. In the year-ago period, operating profit was $104 million (14.7% margin) and net income was $89 million, or $1.48 per share.
The company expects Q4 revenue of $720 million to $740 million and non-GAAP diluted earnings per share of $3.38 to $3.50. It said it expects full-year revenue of about $2.8 billion and non-GAAP earnings per share growth of about 12% compared with fiscal 2023.
F5 reported that operating cash flow was $545,914 thousand for the 9 months ended June 30, 2024, and that it paid $400,047 thousand for share repurchases. Operating cash flow in the year-ago period was $463,608 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.
Fiscal 2024 Q3 Revenue of $695 million and Changes by Product Line
The company said revenue for fiscal 2024 Q3 totaled $695 million, down from $703 million a year earlier. Software revenue of $179 million rose 3%, systems revenue of $130 million fell 16%, and global services revenue of $387 million grew 3%.
Source · Based on the filing body and exhibits
Q3 GAAP Operating Profit of $163 million and Net Income of $144 million
F5 said GAAP operating profit for Q3 was $163 million, with a GAAP operating margin of 23.4%, and net income was $144 million, or $2.44 per diluted share. In the year-ago period, operating profit was $104 million (14.7% margin) and net income was $89 million, or $1.48 per share.
Source · Based on the filing body and exhibits
Q4 Outlook and Full-Year Revenue and Non-GAAP EPS Guidance
The company expects Q4 revenue of $720 million to $740 million and non-GAAP diluted earnings per share of $3.38 to $3.50. It said it expects full-year revenue of about $2.8 billion and non-GAAP earnings per share growth of about 12% compared with fiscal 2023.
Source · Based on the filing body and exhibits
9-Month Operating Cash Flow and Share Repurchases
F5 reported that operating cash flow was $545,914 thousand for the 9 months ended June 30, 2024, and that it paid $400,047 thousand for share repurchases. Operating cash flow in the year-ago period was $463,608 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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