Shares of F5 Inc (FFIV) soared 15.68% in Tuesday's trading session after the cloud services and cybersecurity firm reported blowout results for its fiscal first quarter 2025 amid robust demand as businesses accelerate their shift to hybrid multicloud environments.
For the quarter ended December 31, 2024, F5 delivered record revenue of $766 million, up 11% year-over-year. This was fueled by a 22% jump in software revenue to $209 million and an 18% increase in systems revenue to $160 million. The company crushed Wall Street's expectations with earnings per share of $3.84, demolishing the $3.36 consensus estimate.
Capitalizing on the powerful hybrid multicloud and AI trends, F5 raised its full-year fiscal 2025 revenue growth guidance to a range of 6% to 7%, up from its prior forecast of 4% to 5%. The company also hiked its earnings per share growth outlook for the year to between 6.5% and 8.5%, compared to its earlier projection of 5% to 7% growth.