Shares of F5 (FFIV) traded at an all-time high Wednesday, a day after the cloud-solutions provider posted record results and strong guidance on increasing market demand.

The company reported fiscal 2025 first-quarter adjusted earnings per share (EPS) of $3.84, with revenue climbing nearly 11% year-over-year to $766 million. Analysts surveyed by Visible Alpha were anticipating $3.37 and $715.3 million, respectively.

Software revenue jumped 22% to $209 million, systems revenue added 18% to $160 million, and revenue from global services was 3% higher to $398 million.

CEO Touts 'Strong Execution' for Results

CEO François Locoh-Donou said the performance came about because of F5's "alignment with significant secular trends, a more stable IT spending environment, and our strong execution."

The company expects full-year adjusted EPS increasing 6.5% to 8.5%, up from its previous estimate of 5% to 7% growth. It sees revenue growth of 6% to 7%, compared with the earlier forecast of a 4% to 5% rise.

F5 shares rose nearly 8% in recent trading to about $291 after earlier hitting an all-time high of $308. They have added more than 55% of their value over the last year.