Jan, 2003 : F5 Announces Fiscal First Quarter Profit
📅 - Application management technology developer F5 Networks (F5.com -> hostinger.com) announced on Wednesday that it has released results for the first fiscal quarter of 2003, identifying net income of $520,000 on revenue of $27.1 million.
The positive income, says F5, is a significant improvement over the company's results for the first quarter of fiscal 2002, when it reported a net loss of $2.1 million on revenue of $27 million.
The company says its return to profitability was a result of continuing improvements in its business model, demonstrated by several key metrics including improved gross margin and lower operating expenses.
"During the first quarter, the products we announced in late October got off to a strong start and were well-accepted by our customer base," said F5 president John McAdam. "These new products include the BIG-IP® 5100 and BIG-IP 2400 application switches, featuring faster processors and improved SSL performance, and the BIG-IP 1000, a new line of entry-level application switches. The BIG-IP 2400 also features our new Packet Velocity ASIC which leads the industry in Layer 4 performance. All three products began shipping in early December with version 4.5 of our BIG-IP Application Traffic Management software incorporating Universal Inspection Engine (UIE), which can identify any value in a TCP/IP header or payload, and iRules, which can direct, persist, or filter traffic based on values identified by UIE."
The positive income, says F5, is a significant improvement over the company's results for the first quarter of fiscal 2002, when it reported a net loss of $2.1 million on revenue of $27 million.
The company says its return to profitability was a result of continuing improvements in its business model, demonstrated by several key metrics including improved gross margin and lower operating expenses.
"During the first quarter, the products we announced in late October got off to a strong start and were well-accepted by our customer base," said F5 president John McAdam. "These new products include the BIG-IP® 5100 and BIG-IP 2400 application switches, featuring faster processors and improved SSL performance, and the BIG-IP 1000, a new line of entry-level application switches. The BIG-IP 2400 also features our new Packet Velocity ASIC which leads the industry in Layer 4 performance. All three products began shipping in early December with version 4.5 of our BIG-IP Application Traffic Management software incorporating Universal Inspection Engine (UIE), which can identify any value in a TCP/IP header or payload, and iRules, which can direct, persist, or filter traffic based on values identified by UIE."
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URL source: http://www.thewhir.com/marketwatch/f5n012303.cfm
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