BIG-IP Product Sales Drive Third Quarter Revenue for F5 Networks
F5 Networks has posted results for Third Quarter of Fiscal 2010, up 11.8 percent in the prior quarter.
For the third quarter of fiscal 2010, F5 Networks, Inc. has announced revenue of $230.5 million, up 11.8 percent from $206.1 million in the prior quarter and 45.7 percent from $158.2 million in the third quarter of fiscal 2009. According to this Market Watch news release, the company said that a strengthening demand for the company's BIG-IP family of application delivery controllers continued to drive strong year-over-year revenue growth across all regions.
"'BIG-IP product revenue was up 13 percent compared to the prior quarter and 57 percent compared to the third quarter of last year. In addition, we saw solid sequential revenue growth from our ARX file virtualization products.'
"'During the quarter, we enhanced and enlarged our product portfolio with the introduction of TMOS version 10.2, designed to help customers extend enterprise data center architecture to the cloud and integrate disparate technologies for application delivery, security, optimization, data management, and infrastructure control. We also added two new high-end platforms to our BIG-IP appliance offerings and introduced our BIG-IP LTM VE virtual appliance. All of these new products have been well received by customers, and BIG-IP LTM VE has helped drive hardware sales by allowing customers to test BIG-IP in their networks before they purchase production systems.'"