F5 Inc Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : I guess, I start with the non-supply question here. I think, Francois, you mentioned there's no change in how you think about the business longer term, you're not changing your operating model here, given some of the temporary issues you're seeing here. You reiterated buying back about $500 million of the stock. What's the inclination or what's the appetite to maybe aggressively do a bit more on the buyback given that the outlook for the business longer term hasn't changed, but this temporary setback, obviously, is going to drive some weakness on the share price?

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Okay. Got it. And just a follow-up on software. You've talked particularly last year about the true forwards that you will kind of benefit from or will be a deal win in terms of growth this year. How should we think about the trajectory of those? Are those more weighted towards the back half? I think in general, as we look at the risk in terms of your software guide. I think to an earlier question, it does imply some moderation in growth, which I think is more you just waiting for execution. But is there an impact there on the true forwards being more weighted to first -- 1 half or certain half of the year? 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 25, 2022 / 9:30PM, FFIV.OQ - Q1 2022 F5 Inc Earnings Call