shrugged off an uncertain spending climate to meet analysts' estimates in its third-quarter results, released after the closing bell on Wednesday.
rival earned $1.14 a share on $352.6 million of revenue, up from 97 cents a share and $290.7 million in the prior year's quarter. Analysts polled by
expected earnings of $1.14 per share on $352.86 million in revenue for the quarter.
"During the third quarter, F5's revenue and earnings continued to grow sequentially and year over year despite a more cautious spending environment," explained F5 CEO John McAdam, in a statement released after market close. "Overall, revenue growth slowed in Q3, but revenue by region was generally consistent with historical patterns."
McAdam explained that the Americas accounted for 57% of F5's total revenue, with the Asia-Pacific and Japan (APJ) region making up 22% and Europe, the Middle East and Africa (EMEA) accounting for the remaining 21%.
F5, however, acknowledged the cautious spending environment in its fourth-quarter guidance, predicting revenue between $360 million and $370 million. Excluding items, the Seattle-based firm expects earnings between $1.16 and $1.19 a share.
Analysts surveyed by
are looking for sales of $377.08 million and earnings of $1.24 a share.
F5 shares slipped 0.75% to $97.85 in extended trading on Thursday.
--Written by Nathalie Pierrepont in New York.
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