F5 Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents

F5 Inc Q2 2022 Earnings Call Summary

F5 Inc Q2 2022 Earnings Call Summary - Thomson StreetEvents
F5 Inc Q2 2022 Earnings Call Summary
Published Apr 26, 2022
18 pages (9779 words) — Published Apr 26, 2022
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Abstract:

Edited Brief of FFIV.OQ earnings conference call or presentation 26-Apr-22 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Entered 2Q with some significant challenges that limited Co.'s ability to fulfill demand from systems business. 1. Delivered above midpoint of revenue guidance and at upper end of non-GAAP EPS guidance despite those challenges. a. 2. Continues to deliver strong results from software business, with 40% YoverY growth in qtr. software represented majority of product revenue for the first time. 3. Systems revenue declined 27% due to supply chain constraints. 4. Global services revenue was flat YoverY. 5. 2Q reflected an ongoing trend where customers continue to rapidly grow and scale both by traditional and modern applications, while placing increased importance and focus on application security. This benefits Co. and translates to continued strong demand across portfolio. a. 6. While view towards strong demand drivers remains clear, visibility into resolution of hardware supply chain challenges is murky. 7. Going into 2Q, discussed two primary supply chain challenges. Successfully...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
F5 Inc
Ticker
FFIV.OQ
Time
8:30pm 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: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : This is Joe Cardoso on for Samik Chatterjee. My first question is just on the supply challenges that you highlighted during your prepared remarks. Can you touch on some of the actions that you're taking or planning on to take to alleviate some of the pressures from the headwinds that you're facing from the supply challenges? Like are you guys passing on higher pricing at all? Are you starting to see the benefit from higher pricing as some of the other networking peers in the space have done? And then just relative to the underlying components that are being constrained for the 2 product offerings that you highlighted, when do you start to see -- or when should we start to see some improvement there? Have you been given any time lines from the suppliers? And what's driving your contents around that time line?

Table Of Contents

F5 Inc Q3 2022 Earnings Call Summary – 2022-07-25 – US$ 54.00 – Edited Brief of FFIV.OQ earnings conference call or presentation 25-Jul-22 8:30pm GMT

F5 Inc Q3 2022 Earnings Call Transcript – 2022-07-25 – US$ 54.00 – Edited Transcript of FFIV.OQ earnings conference call or presentation 25-Jul-22 8:30pm GMT

F5 Inc at Bank of America Global Technology Conference Transcript – 2022-06-09 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 9-Jun-22 6:50pm GMT

F5 Inc at JPMorgan Global Technology, Media & Communications Conference Transcript – 2022-05-24 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 24-May-22 2:10pm GMT

F5 Inc Q2 2022 Earnings Call Transcript – 2022-04-26 – US$ 54.00 – Edited Transcript of FFIV.OQ earnings conference call or presentation 26-Apr-22 8:30pm GMT

F5 Inc at Morgan Stanley Technology, Media, and Telecom Conference (Virtual) Transcript – 2022-03-09 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 9-Mar-22 11:00pm GMT

F5 Inc Q1 2022 Earnings Call Summary – 2022-01-25 – US$ 54.00 – Edited Brief of FFIV.OQ earnings conference call or presentation 25-Jan-22 9:30pm GMT

F5 Inc Q1 2022 Earnings Call Transcript – 2022-01-25 – US$ 54.00 – Edited Transcript of FFIV.OQ earnings conference call or presentation 25-Jan-22 9:30pm GMT

F5 Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript – 2021-12-08 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 8-Dec-21 8:35pm GMT

F5 Inc at Credit Suisse Technology, Media & Telecom Conference Transcript – 2021-11-30 – US$ 54.00 – Edited Transcript of FFIV.OQ presentation 30-Nov-21 5:40pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "F5 Inc Q2 2022 Earnings Call Summary" Apr 26, 2022. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-F5-Inc-Earnings-Call-B15174263>
  
APA:
Thomson StreetEvents. (2022). F5 Inc Q2 2022 Earnings Call Summary Apr 26, 2022. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2022-F5-Inc-Earnings-Call-B15174263>
  
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