F5 Networks fourth quarter revenue up 9 percent to $395.3 million

F5 Networks fourth quarter revenue increased 9 percent to $395.3 million from $362.6 million in the fourth quarter of fiscal year 2012.

For fiscal year 2013, revenue rose 8 percent to $1.48 billion.

F5 Networks Q4 net income increased to $76.2 million from $67.7 million.

“The fourth quarter of fiscal 2013 was a positive finish to the year, characterized by strong demand for our new products and increasing traction in new and emerging market opportunities,” said John McAdam, F5 president and chief executive officer.

F5 Networks fourth quarter revenue up 9 percent to $395.3 million

Following the release of the BIG-IP 5000 and 7000 series at the end of the third quarter, its entire refreshed family of BIG-IP appliances was shipping in Q4, contributing to strong sales in the quarter and continuing momentum as we enter fiscal 2014.

It also won several large deals driven by new and enhanced software modules, including Advanced Firewall Manager (AFM), Application Security Manager (ASM), Access Policy Manager (APM), and Policy Enforcement Manager (PEM).

F5 Networks Virtual Edition (software-only) products revenue rose 21 percent sequentially across a broad base of diverse customers.

In the service provider segment, F5 Networks further strengthened pipeline of Diameter signaling and routing opportunities with a number of Traffix design wins at major carriers.

For the first quarter of fiscal 2014, ending December 31, the company has set a revenue target of $390 million to $400 million with a GAAP earnings target of $0.81 to $0.84 per diluted share.

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