F5 Networks Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents

F5 Networks Inc Q1 2021 Earnings Call Summary

F5 Networks Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents
F5 Networks Inc Q1 2021 Earnings Call Summary
Published Jan 26, 2021
21 pages (10610 words) — Published Jan 26, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FFIV.OQ earnings conference call or presentation 26-Jan-21 9:30pm GMT

  
Brief Excerpt:

...A. Highlights: Results show strong momentum in business. 1. 2. Non-GAAP revenue $626m. Revenue grew 10%. a. 3. Non-GAAP revenue growth: Software 70%. a. b. Systems 5%. c. Global services 1%. 4. Several quarters into pandemic, several things are becoming clearer from macro perspective. Realities of pandemic have accelerated customers' digital transformation, and business and consumer dependency on applications. a. Consumers' expectations about their application experience have increased significantly. i. ii. Due to higher volumes and higher consumer expectations, customers are ramping their investments in their applications and infrastructure needed to securely deliver them. b. Incumbency is significant advantage for Co. in current environment. i. Customers want trusted and operationalized partner they know they can count on....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
F5 Networks Inc
Ticker
FFIV.OQ
Time
9:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : And squeezing me in here. I guess, Francois, from what I hear, related to your comments here, it does sound more like what you're seeing is you didn't really need kind of software, systems and services to kind of fire on all cylinders. But given where you are today REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 26, 2021 / 9:30PM, FFIV.OQ - Q1 2021 F5 Networks Inc Earnings Call in the first half, you would exceed the 7% to 8% Horizon 2 revenue growth target this year if things continue this way. And so I just wanted to confirm that's what you're implying. And then if you can help me think about sustainability of that higher than kind of 7% to 8% growth rate into next year given the momentum that you're seeing in the business? And I have a follow-up.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Okay. And then quick -- and a quick follow-up here for Frank. Frank, can you -- I'm calculating about a $25 million OpEx increase from 1Q to 2Q. Can you clarify how much of that is from Volterra?

Table Of Contents

F5 Networks Inc Q2 2021 Earnings Call Summary – 2021-04-27 – US$ 54.00 – Edited Brief of FFIV.OQ earnings conference call or presentation 27-Apr-21 8:30pm GMT

F5 Networks Inc Annual Shareholders Meeting Transcript – 2021-03-11 – US$ 54.00 – Edited Transcript of FFIV.OQ shareholder or annual meeting 11-Mar-21 7:00pm GMT

F5 Networks Inc at Morgan Stanley Technology, Media and Telecom Conference (Virtual) Transcript – 2021-03-02 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 2-Mar-21 8:30pm GMT

F5 Networks Inc at Goldman Sachs Technology and Internet Conference (Virtual) Transcript – 2021-02-10 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 10-Feb-21 9:30pm GMT

F5 Networks Inc Q1 2021 Earnings Call Transcript – 2021-01-26 – US$ 54.00 – Edited Transcript of FFIV.OQ earnings conference call or presentation 26-Jan-21 9:30pm GMT

F5 Networks Inc to Acquire Volterra Inc M&A Call Summary – 2021-01-07 – US$ 54.00 – Edited Brief of FFIV.OQ M&A conference call or presentation 7-Jan-21 10:15pm GMT

F5 Networks Inc to Acquire Volterra Inc M&A Call Transcript – 2021-01-07 – US$ 54.00 – Edited Transcript of FFIV.OQ M&A conference call or presentation 7-Jan-21 10:15pm GMT

F5 Networks Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript – 2020-12-10 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 10-Dec-20 7:00pm GMT

F5 Networks Inc at Credit Suisse Technology Conference (Virtual) Transcript – 2020-12-02 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 2-Dec-20 7:40pm GMT

F5 Networks Inc Analyst and Investor Meeting Transcript – 2020-11-18 – US$ 54.00 – Edited Transcript of FFIV.OQ corporate analyst meeting</ 18-Nov-20 6:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "F5 Networks Inc Q1 2021 Earnings Call Summary" Jan 26, 2021. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-F5-Networks-Inc-Earnings-Call-B13588567>
  
APA:
Thomson StreetEvents. (2021). F5 Networks Inc Q1 2021 Earnings Call Summary Jan 26, 2021. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-F5-Networks-Inc-Earnings-Call-B13588567>
  
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