Published: July 20, 2011

F5 Networks Announces Results for Third Quarter of Fiscal 2011

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SEATTLE - (BUSINESS WIRE) - For the third quarter of fiscal 2011, F5 Networks, Inc. (NASDAQ: FFIV) announced revenue of $290.7 million, up 4.7 percent from $277.6 million in the prior quarter and 26.1 percent from $230.5 million in the third quarter of fiscal 2010.

GAAP net income was $62.5 million ($0.77 per diluted share), compared to $55.6 million ($0.68 per diluted share) in the prior quarter and $40.5 million ($0.50 per diluted share) in the third quarter a year ago.

Excluding the impact of stock-based compensation net of tax, non-GAAP net income was $79.4 million ($0.97 per diluted share), compared to $71.5 million ($0.88 per diluted share) in the prior quarter and $53.3 million ($0.66 per diluted share) in the third quarter of fiscal 2010.

A reconciliation of GAAP net income to non-GAAP net income is included on the attached Consolidated Statements of Operations.

"Strong sales in APAC and Japan, in particular of our high-end products, accounted for most of the revenue growth during the quarter," said John McAdam, F5 president and chief executive officer. "EMEA revenue was down from the prior quarter, and Americas revenue was up only slight

F5 Networks, Inc.
Investor Relations
John Eldridge, 206-272-6571
j.eldridge@f5.com
or
Public Relations
Alane Moran, 206-272-6850
a.moran@f5.com