F5 Networks reports Q3 profit growth to US$63mn

- Wednesday, August 3, 2011

F5 Networks reports Q3 profit growth to US$63mn

US applications delivery company F5 Networks' (Nasdaq: FFIV) net profits reached US$62.5mn in fiscal Q3, ended June 30, up 54.7% compared to the same period last year, the company said in a statement.

Global revenues totaled US$291mn in the third quarter, a 26.1% increase compared to US$230mn in the same period last year.

According to company CEO John McAdam, Americas revenue was up slightly, due in part to a slowdown in US federal sales. Strong sales in APAC and Japan accounted for most of the revenue growth during the quarter.

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For the current quarter, ending September 30, management has set a revenue goal of US$307mn-312mn.

In Latin America, the company has field offices in Brazil, Mexico and Chile.

Follow this link to read the full report.