F5 Inc Q2 2024 Earnings Call Summary

Edited Brief of FFIV.OQ earnings conference call or presentation 29-Apr-24 8:30pm GMT

...A. Against this backdrop, we delivered a solid Q2 with revenue near the midpoint of our guidance range. B. Our software subscription renewals continued to perform well, driving 20% total software revenue growth compared to a year ago, including 28% subscription revenue growth. C. We also delivered non-GAAP earnings per share growth of 15% with EPS of $2.91 per share at the high end of our guidance range. D. As we look into our second half, we remain on track to deliver on our FY '24 revenue outlook. E. We expect continued strong performance from our software subscription renewals, and our renewals base provides good visibility into the back half of FY '24. F. We also remain committed to continued operating discipline, and we are raising our FY '24 non-GAAP EPS outlook to a range of 7% to 9% growth from our prior range of 6% to 8% growth. G. 88% of our customers report they are currently operating applications across a combination of on-premises and cloud environments. H. This solution supports...

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