f5 networks inc (FFIV) Key Developments
F5 Networks, Inc. Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Outlook for the Quarter Ending September 30, 2015
Jul 22 15
F5 Networks, Inc. reported unaudited consolidated earnings results for third quarter and nine months ended June 30, 2015. For the quarter, the company’s total revenues were $483,586,000 against $440,285,000 a year ago. Income from operations was $140,130,000 against $126,079,000 a year ago. Income before income tax was $140,850,000 against $127,272,000 a year ago. Net income was $93,172,000 or $1.29 per diluted share against $79,473,000 or $1.05 per diluted share a year ago. Net income excluding stock-based compensation and amortization of purchased intangible assets (non-GAAP) – diluted was $120,186,000 or $1.67 per diluted share against $104,566,000 or $1.39 per diluted share a year ago. Cash flow from operations was $172.5 million. Capital expenditures for the quarter were $21.2 million.
For the nine months, the company’s total revenues were $1,418,522,000 against $1,266,780,000 a year ago. Income from operations was $405,300,000 against $346,076,000 a year ago. Income before income tax was $411,880,000 against $347,538,000 a year ago. Net income was $267,977,000 or $3.67 per diluted share against $217,162,000 or $2.84 per diluted share a year ago. Net income excluding stock-based compensation and amortization of purchased intangible assets (non-GAAP) – diluted was $349,671,000 or $4.79 per diluted share against $296,226,000 or $3.87 per diluted share a year ago. Net cash provided by operating activities was $501,198,000 against $379,127,000 a year ago. Acquisition of intangible assets was $6,224,000. Purchases of property and equipment were $41,715,000 against $15,636,000 a year ago.
For the quarter ending September 30, 2015, the company has set a revenue goal of $500 million to $510 million with a GAAP earnings target of $1.26 to $1.29 per diluted share and a non-GAAP earnings target of $1.72 to $1.75 per diluted share. Net income expects in the range of $90 million to $92.2 million. Amortization of purchased intangible assets expects at $3.4 million. GAAP gross margin is anticipated to be in the 82% to 82.5% range. Non-GAAP gross margin is expected to be in the 83.5% to 84% range. For the quarter, the company is forecasting a GAAP effective tax rate of 37% and a non-GAAP effective tax rate of 35%.
F5 Announces Appointment of Neill Burton as Its New Head of Channel and Alliances for the UK, Ireland and Sub-Saharan Africa (UKISSA) Region
Jul 10 15
F5 Networks has appointed Neill Burton as its new Head of Channel and Alliances for the UK, Ireland and sub-Saharan Africa (UKISSA) region. Reporting directly to Myles Bray, Regional Vice-President, Sales, UKISSA for F5, Burton will be responsible for F5's overall channel strategy and execution across the region, developing F5's partner base, including outsourcers and systems integrators, into a cohesive ecosystem to better serve F5's customers. Burton joins F5 from BMC Software, where he was Vice-President, Channels and Alliances, for the UK and Ireland. Prior to that, he was Vice-President, Channels and Alliances, at Hitachi Data Systems, following 11 years at Computacenter, where he headed the Datacentre Solutions business line and the specialist sales force.
F5 Networks, Inc. Launches New Cloud-Delivered Managed Service in EMEA
Jun 11 15
F5 Networks, Inc. has launched a new cloud-delivered managed service in EMEA to defend against web application attacks and ensure compliance across dynamic cloud and data center environments. Announced at F5 EMEA's Agility 2015 conference in Edinburgh, the Silverline Web Application Firewall service offering provides quick web application firewall (WAF) implementation and unified, scalable policy enforcement capabilities. The service also includes 24x7 support from highly specialised F5 security experts with the company's Security Operations Center (SOC) resources. As the latest addition to F5's Silverline cloud-based application services platform, the new WAF offering is built on the capabilities of the company's BIG-IP Application Security Manager product. F5 seamlessly provides WAF services in both on-premises and subscription-based cloud offerings. The company's versatile, easy to deploy WAF solutions let organizations confidently incorporate cloud resources while protecting apps and data from increasingly sophisticated security attacks, risks, and vulnerabilities. Along with on-premises application protection, F5 now enables WAF functionality through an "as a Service" model to make it easy for organizations to quickly bolster their defenses. Advantages of the new Silverline WAF service include: Increased Speed and Effectiveness for Reliable WAF Deployments; Streamlined Operations for Reduced Costs; and Consolidated Security Functions for Added Peace of Mind. The new WAF offering protects applications by capitalizing on F5's security capabilities, demonstrated in independent performance testing from NSS Labs. F5 is able to leverage its proven security efficacy to protect against advanced layer 7 attacks (such as those based on geolocation, DDoS, SQL injection, zero-day threats, AJAX applications, JSON payloads, OWASP Top Ten, and others) in a convenient, cloud-based service. In addition, F5's WAF solutions offer automated, self-learning capabilities in a highly customizable framework that takes advantage of programmable iRules and iApps technologies to rapidly respond and adapt to evolving threats. Silverline WAF decreases operational expenses by outsourcing WAF policy management and compliance functions to F5's highly specialised SOC resources. F5's SOC experts are available 24x7 to build, configure, and fine-tune security policies. This approach helps eliminate false positives while protecting applications and data from known and emerging threats. In addition, F5's proactive monitoring incorporates external intelligence to secure apps against IP threats. The service also provides access reports through a customer portal, giving organizations additional data to reference in making IT security decisions. F5's service frees in-house personnel and budget for other projects by removing operational burdens without sacrificing overall application security. With its integrated Silverline offerings, F5 provides a growing number of hybrid, on-premises, and cloud-delivered application security solutions, including focused solutions around WAF, DDoS Protection, IP Intelligence, and Secure Web Gateway Services. Looking forward, F5 will offer additional services from its BIG-IP product portfolio through the Silverline platform, giving customers freedom and flexibility in how they combine owned, hosted, and managed IT resources. In the context of broader infrastructures, customers will also be able to centralise policy control and orchestration capabilities through APIs and future integrations with F5 management solutions. Cloud architectures, mobile devices, and SaaS applications have untethered the traditional IT network, increasing the complexity of application security. F5's Silverline platform gives their customers new ways to deploy cloud-delivered and hybrid services to realize performance gains and efficiencies. With respect to WAF and related security functions, in-house experts can be challenging to hire and expensive to keep.
F5 Networks, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-11-2015 08:40 AM
Jun 9 15
F5 Networks, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-11-2015 08:40 AM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: Andy Reinland, Chief Finance Officer and Executive Vice President, Julian Eames, EVP of Business Operations.
F5 Networks Appoints Kristen Roby Dimlow as New Executive Vice President of Human Resources
Jun 8 15
F5 Networks appointed Kristen Roby Dimlow to lead its global Human Resources organization. As an Executive Vice President, reporting to the CEO, Roby Dimlow is responsible for overseeing the company s human capital management strategy, partnering with business leaders around the world to develop talent and to foster a culture of collaboration and innovation that will drive sustainable business growth. Roby Dimlow brings nearly 30 years of experience in global business, human resources, staffing, finance, strategy, planning, operations, and project management. Prior to joining F5, she worked at Microsoft for 18 years, most recently as the Human Resources General Manager for the Microsoft Devices Group. Before this role, she held a number of Microsoft HR leadership roles including responsibility for the Online Services Division, the Platforms and Services Division, Windows and Core Operating Systems Divisions and led Microsoft s University Staffing function. While at Microsoft, Roby Dimlow also held finance leadership roles, including: Senior Director Xbox Finance, Windows Client & Server Controller, and Office Controller. Before joining Microsoft, Roby Dimlow worked for nine years at the Walt Disney Studios, most recently as Vice President of Finance for the Disney TeleVentures group.