Pelzer Appointed Executive Vice President and Chief Financial Officer Non-GAAP net income excluding stock-based compensation expense and amortization of purchased intangible assetsįrancis J.
Reconciliation of Expected Non-GAAP Third Quarter EarningsĪmortization of purchased intangible assets This focus is evident in the new BIG-IP Cloud Edition announced today and the Advanced Web Application Firewall solutions we introduced earlier this month."įor the third quarter of fiscal 2018, ending June 30, the company has set a revenue goal of $535 million to $545 million with a GAAP earnings target of $1.79 to $1.82 per diluted share and a non-GAAP earnings target of $2.36 to $2.39 per diluted share.Ī reconciliation of the company’s expected GAAP and non-GAAP earnings is provided in the following table: The entire F5 organization is aligned to delivering the products and services necessary to meet our customers' needs, regardless of where their applications reside. "At our Analyst and Investor meeting in early March, we outlined a long-term strategic roadmap centered on supporting customers as their applications evolve in a multi-cloud world. "Our software business had another quarter of outstanding growth, driven by deployments in the public cloud, and our Services organization continues to deliver tremendous value to our customers and strong financial performance. "We had solid execution across the organization during the second quarter," said François Locoh-Donou, F5 President and Chief Executive Officer. Excluding the impact of stock-based compensation, amortization of purchased intangible assets, and litigation expenses, non-GAAP net income for the second quarter of fiscal 2018 was $143.3 million, or $2.31 per diluted share, compared to $127.0 million, or $1.95 per diluted share in the second quarter of fiscal 2017.Ī reconciliation of net income, earnings per share, and other measures on a GAAP to non-GAAP basis is included on the attached Consolidated Income Statements. GAAP net income for the second quarter of fiscal 2018 was $109.6 million, or $1.77 per diluted share, compared to $93.1 million, or $1.43 per diluted share in the second quarter of fiscal 2017. Growth compared with the second quarter of fiscal 2017 was driven by our software solutions and Services business. (NASDAQ: FFIV) today announced revenue of $533.3 million for the second quarter of fiscal 2018, up 2.9% from $518.2 million in the second quarter of fiscal 2017.
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