F5 Networks announces Q3 2018 results

F5 Networks, Inc. (NASDAQ: FFIV) has announced revenue of USD 542.2 million for the third quarter of fiscal 2018, up 4.7% from USD 517.8 million in the third quarter of fiscal 2017, the company said.

GAAP net income for the third quarter of fiscal 2018 was USD 122.7 million, or USD 1.99 per diluted share, compared to USD 97.7 million, or USD 1.52 per diluted share in the third quarter of fiscal 2017. Excluding the impact of stock-based compensation, amortization of purchased intangible assets, and litigation expenses, non-GAAP net income for the third quarter of fiscal 2018 was USD 150.1 million, or USD 2.44 per diluted share, compared to USD 130.8 million, or USD 2.03 per diluted share in the third quarter of fiscal 2017.

The company also announced the appointment of Chad Whalen to Executive Vice President, Worldwide Sales, effective immediately. Whalen was promoted from his role running F5´s worldwide cloud sales team where he was responsible for the company´s global public cloud sales strategy, program development and execution.