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F5 Sales Chief Leaving
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F5 (FFIV Quote) beat fiscal fourth-quarter targets but guided in-line for the current quarter and said its sales chief will leave next month.
The Seattle Web switchmaker posted an adjusted profit of 31 cents a share. That number compares with pro forma earnings of 29 cents a share in the year-ago period.
Sales for the fiscal fourth quarter ended last month were $145.6 million, up 10% from $132.4 million in the prior quarter and 30% above the $111.7 million level a last year.
Analysts were looking for adjusted profit of 11 cents a share on $144 million in revenue, according to Yahoo Finance. ...
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