F5 Inc (FFIV) witnessed a significant pre-market rally of 13.82% on Wednesday, propelled by the company's impressive fiscal first-quarter 2025 results and robust demand for its cloud services and cybersecurity solutions.
For the quarter ended December 31, 2024, F5 reported record revenue of $766 million, marking an 11% year-over-year increase. This remarkable growth was driven by a 22% surge in software revenue to $209 million and an 18% increase in systems revenue to $160 million, surpassing Wall Street's expectations with earnings per share of $3.84.
Capitalizing on the powerful trends of hybrid multicloud and AI adoption, 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.
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