Jul, 2002 : F5 Announces Third Quarter 2002 Earnings
📅 - Internet traffic management provider F5 Networks (F5.com -> hostinger.com) announced its earnings for the company's third fiscal quarter 2002 on Tuesday, in line with preliminary results announced on July 8.
The company reported a pro forma net loss of $1.3 million, or 5 cents per share, on pro forma revenue of $27.3 million. The results were a slight improvement over the loss of $1.8 million, or 7 cents per share, on revenues of $27.1 million reported in the previous quarter.
The company says its small growth in revenue reflected strong sales in North America as well as continued improvement in the company's European Business, which was offset by weak performance in Japan.
"Domestic sales were the strongest we've seen in six quarters and represented nearly 72 percent of total sales," said F5 president and CEO John McAdam. "In addition, our recent investments in Europe continued to return solid growth. As we warned in our second quarter conference call, our Japanese business was down sequentially and sales there were below our original expectations. Despite that, the improvement in Europe and strengthening in the U.S. market put us slightly above the middle of our target revenue range."
The company says it anticipates flat revenue from continuing operations for the fourth quarter of fiscal 2002, ending September 30. Following its exit from the content management business, F5 expects fourth quarter revenue between $26 million and $27.5 million and a pro forma net loss between 1 and 3 cents.
The company reported a pro forma net loss of $1.3 million, or 5 cents per share, on pro forma revenue of $27.3 million. The results were a slight improvement over the loss of $1.8 million, or 7 cents per share, on revenues of $27.1 million reported in the previous quarter.
The company says its small growth in revenue reflected strong sales in North America as well as continued improvement in the company's European Business, which was offset by weak performance in Japan.
"Domestic sales were the strongest we've seen in six quarters and represented nearly 72 percent of total sales," said F5 president and CEO John McAdam. "In addition, our recent investments in Europe continued to return solid growth. As we warned in our second quarter conference call, our Japanese business was down sequentially and sales there were below our original expectations. Despite that, the improvement in Europe and strengthening in the U.S. market put us slightly above the middle of our target revenue range."
The company says it anticipates flat revenue from continuing operations for the fourth quarter of fiscal 2002, ending September 30. Following its exit from the content management business, F5 expects fourth quarter revenue between $26 million and $27.5 million and a pro forma net loss between 1 and 3 cents.
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