F5 Networks revenue up 13% to $365.5 million in Q1 fiscal 2013

Infotech Lead America: F5 Networks has clocked 13 percent increase in revenue in the first quarter of fiscal 2013 to $365.5 million from $322.4 million in the first quarter of fiscal 2012.

F5 Networks’ net income grew to $69.5 million from $66.5 million.

“During the first quarter, strong sales to North American enterprises and service providers were offset by a substantial slowdown in U.S. Federal sales,” said John McAdam, F5 president and chief executive officer. “Japan sales were also weak during the quarter, in contrast to continuing strength in Europe and solid year-over-year growth in the rest of the Asia-Pacific region.

A key driver of product revenue in the quarter was strong demand for BIG-IP 4200v.

Recently, F5 Networks started shipping its new entry-level appliances, the 2000 series, which will be announced during the next few weeks along with its new high-end appliance, BIG-IP 10200, and 8-blade VIPRION 4800 chassis.

“During the quarter, sales of our software modules and virtual edition (VE) products continued to gain traction. We will be announcing general availability of our Advanced Firewall Manager (AFM), as well as enhanced versions of Application Security Manager (ASM) and Access Policy Manager (APM), key components of our Application Delivery Firewall solution. In addition we will be launching new high-performance versions of all our BIG-IP VE products,” McAdam added.

F5 added 95 employees during the quarter.

For the current quarter, ending March 31, F5 Networks has set a revenue goal of $370 million to $380 million.

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