Guidance And OpportunitiesF5 posted an impressive FY1Q beat, guided 2Q Revenues ahead, and raised full-year guidance as new opportunities are opening up across hybrid/multi-cloud and GenAI.
Revenue GrowthRevenue grew 11% yr-yr to $766.5M and beat consensus by 7% driven by accelerating Product Revenue growth.
Software PerformanceSoftware grew 22% yr-yr to $209M, handily beating expectations thanks to healthy new business and larger expansions.