Shares of F5 were up more than 8% in after-hours trading Wednesday after the Seattle-based security and application delivery giant topped estimates for its fiscal third quarter.
- Revenue was up 12% to $780 million while GAAP net income was $190 million, up from $144 million.
- “Customers are modernizing their data centers, adopting hybrid multicloud architectures, and scaling to meet growing application performance and security needs, including those coming from AI adoption,” F5 CEO François Locoh-Donou said in a statement.
- F5 raised its guidance for fiscal year 2025 revenue growth, to about 9%, up from prior guidance of 6.5-to-7.5%.
- F5 released a recent report showing that only 2% of global organizations are “highly ready to scale AI securely across operations.”