Showing posts with label F5. Show all posts
Showing posts with label F5. Show all posts

Monday, January 25, 2021

F5 completes acquisition of Volterra

 F5 Networks completed its previously announced acquisition of Volterra, which offers a universal edge-as-a-service platform. 

“I am incredibly excited to welcome Volterra to the F5 family and get to work bringing Edge 2.0—a key part of our Adaptive Applications vision—to customers,” said François Locoh-Donou, F5 President and CEO. “Joining forces, we will deliver the enterprise-grade features, including world-class security and scale, that have been missing from the edge until now.”

“Current edge approaches were not designed with enterprises in mind,” said Ankur Singla, founder of Volterra. “When Harshad and I started Volterra, we knew the edge would need to be delivered with the scale of public clouds, but with management and security integrated with the data centers where so many enterprise apps still live. Given F5’s leadership in Adaptive Applications and their vast enterprise customer base, I could not imagine a better partner to empower customers’ business transformation through modern apps.”

F5 to acquire Volterra for its open edge platform

 F5 Networks agreed to acquire Volterra, a start-up developing a universal edge-as-a-service platform, for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees. 

F5 said the addition of Volterra will give it an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale.

Volterra, which is based in Santa Clara, California, offers a distributed cloud service for deploying and managing applications at the edge. The cloud-native environment can be deployed across multiple public clouds and edge sites.


  • Volterra is headed by Ankur Singla, Founder & CEO, who previously was the founder and CEO of Contrail Systems, a pioneer in telco NFV and SDN technologies that was acquired by Juniper Networks in 2012. Prior to Contrail, Ankur was the CTO and VP Engineering at Aruba Networks, a global leader in wireless solutions. 

Volterra unveils distributed cloud platform for apps

Volterra​, a start-up based in Santa Clara, California, emerged from stealth to unveil its distributed cloud platform for deploying and managing applications. The SaaS-based offering integrates a broad range of services that have normally been siloed across many point products and network or cloud providers.

Volterra has raised over $50 million in funding to date from Khosla Ventures, Mayfield and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners including Itochu Technology Ventures and Samsung NEXT. Volterra said it now has 100+ engineers and 30+ global customers.

The cloud-native environment can be deployed across multiple public clouds and edge sites. Key capabilities include:

  • Fleet-wide management of distributed applications and data across heterogeneous infrastructure
  • Globally distributed control plane with Kubernetes APIs for application orchestration and multi-layer security for workloads and data
  • Comprehensive compute, storage, networking and security for distributed edge locations
  • Secure, high-performance global connectivity across edge sites, private clouds and multi-cloud
Key elements of the offering are:
  • VoltStack deploys and manages distributed applications across multiple clouds or edge sites using industry standard Kubernetes APIs
  • VoltMesh delivers high performance networking and zero-trust security between multiple clouds and edge sites
  • Volterra Console​ is a management console for deploying and operating distributed applications at a global scale with centralized control and observability
http://www.volterra.io​

Thursday, January 7, 2021

F5 to acquire Volterra for its open edge platform

 F5 Networks agreed to acquire Volterra, a start-up developing a universal edge-as-a-service platform, for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees. 

F5 said the addition of Volterra will give it an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale.

Volterra, which is based in Santa Clara, California, offers a distributed cloud service for deploying and managing applications at the edge. The cloud-native environment can be deployed across multiple public clouds and edge sites.


“Current edge solutions are simply inadequate for today’s enterprise customers. It’s time to break out of closed edge systems that only perpetuate the pain of building, running, and securing apps,” said François Locoh-Donou, President and CEO, F5. “With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. Our platform will create a SaaS solution that solves our customers’ biggest pain points. The success of F5’s software transformation has put us in a position to deliver on the potential of Edge 2.0 and redefine our competitive position.”

“I am excited to work closely alongside François and the F5 team to help pioneer the evolution of the edge to deliver more adaptive, dynamic application experiences for all of our customers,” said Ankur Singla, Founder and CEO, Volterra. “With our platform, we will extend F5’s application security leadership to the edge, thereby expanding our combined reach in the fastest growing segment of F5’s $28 billion 2023 total addressable market.”

In connection with the transaction, F5 raised its Horizon 2 (fiscal years 2021 and 2022) and long-term revenue outlook, and reiterated its Horizon 2 operating targets, including its commitment to achieving double-digit non-GAAP earnings per share growth. The company also reiterated its commitment to return $1 billion of capital over the next two years, including the initiation of a $500 million accelerated share repurchase in fiscal year 2021. 

In addition, F5 released a preview of its first quarter fiscal year 2021 financial results stating it expects GAAP and non-GAAP revenue in a range of $623 to $626 million, driven in part, by approximately 68% GAAP, and 70% non-GAAP, software revenue growth.

  • Volterra is headed by Ankur Singla, Founder & CEO, who previously was the founder and CEO of Contrail Systems, a pioneer in telco NFV and SDN technologies that was acquired by Juniper Networks in 2012. Prior to Contrail, Ankur was the CTO and VP Engineering at Aruba Networks, a global leader in wireless solutions. 

Volterra unveils distributed cloud platform for apps

Volterra​, a start-up based in Santa Clara, California, emerged from stealth to unveil its distributed cloud platform for deploying and managing applications. The SaaS-based offering integrates a broad range of services that have normally been siloed across many point products and network or cloud providers.

Volterra has raised over $50 million in funding to date from Khosla Ventures, Mayfield and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners including Itochu Technology Ventures and Samsung NEXT. Volterra said it now has 100+ engineers and 30+ global customers.

The cloud-native environment can be deployed across multiple public clouds and edge sites. Key capabilities include:

  • Fleet-wide management of distributed applications and data across heterogeneous infrastructure
  • Globally distributed control plane with Kubernetes APIs for application orchestration and multi-layer security for workloads and data
  • Comprehensive compute, storage, networking and security for distributed edge locations
  • Secure, high-performance global connectivity across edge sites, private clouds and multi-cloud
Key elements of the offering are:

  • VoltStack deploys and manages distributed applications across multiple clouds or edge sites using industry standard Kubernetes APIs
  • VoltMesh delivers high performance networking and zero-trust security between multiple clouds and edge sites
  • Volterra Console​ is a management console for deploying and operating distributed applications at a global scale with centralized control and observability
http://www.volterra.io​

Monday, July 27, 2020

F5 reports sales of $583M, up 4% YoY

F5 reported GAAP revenue of $583 million for the third quarter of its fiscal year 2020, reflecting 4% growth from $563 million in the third quarter of fiscal year 2019.  GAAP net income for the third quarter of fiscal year 2020 was $70 million, or $1.14 per diluted share compared to third quarter fiscal year 2019 GAAP net income of $86 million, or $1.43 per diluted share.

“Large enterprise customers are accelerating their digital transformations, increasing their digital engagement, and boosting capacity and security on customer facing applications and on platforms that enable employee collaboration,” said François Locoh-Donou, CEO and President of F5.

Some highlights:

  • Product bookings: Government 18%, Enterprises 67%, Service Providers 15%
  • F5 is nearly 100% work-from-home and expect the majority of F5ers will work remotely for the remainder of CY20
  • Subscriptions accounted for 73% of Q3FY20 software revenue
  • In Q3FY20, F5 closed the largest number of subscription deals ever in a quarter

Monday, April 27, 2020

F5 Networks posts revenue of $583 million, up 7% yoy

F5 Networks reported GAAP revenue of $583.4 million for its second quarter of fiscal year 2020, reflecting a 7% growth from $544.9 million in the second quarter of fiscal year 2019. GAAP net income for the second quarter of fiscal year 2020 was $61.4 million, or $1.00 per diluted share compared to second quarter fiscal year 2019 GAAP net income of $116.1 million, or $1.93 per diluted share.

Following its acquisition of Shape Security, to provide transparency to what F5 management believes reflects its ongoing business results, F5 is reporting both GAAP and non-GAAP revenue. Non-GAAP revenue excludes the impact of the purchase accounting write-down on Shape’s assumed deferred revenue.  Non-GAAP revenue for the second quarter of fiscal year 2020 was $585.6 million, reflecting 7% growth in total revenue and 96% growth in software revenue in the year ago period.

“During our second quarter, we saw continued rapid acceptance of our software and subscription-based offerings as enterprises and service provider customers worldwide look to F5 to ensure consistent application access, delivery and security,” said François Locoh-Donou, CEO and President of F5. “In the last month of the quarter, we also saw increased demand for capacity as customers looked to quickly and, in some cases, massively scale remote access capabilities to keep their employees safe and their businesses running.”

“As a result of transforming F5 to a more software-driven business, we have built greater resiliency into our business model,” continued Locoh-Donou. “With 65% recurring revenue, $182 million in cash flow from operations and cash and investments totaling $1 billion at the end of our second quarter, we can weather the economic uncertainty resulting from the COVID-19 pandemic and we are confident our multi-cloud vision, our investments, and our innovation are well aligned with both near- and longer-term customer demand.”

F5 completes its $1B acquisition of Shape Security

F5 completed its previously announced acquisition of Shape Security, a privately-held company supplying fraud and abuse prevention solutions, for approximately $1 billion in cash.

Shape provides protection from automated attacks, botnets, and targeted fraud. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape’s application protection platform evaluates the data flow from the user into the application and leverages highly sophisticated cloud-based analytics to discern good traffic from bad.

Shape was founded in 2011 and is based in Santa Clara, California.

“We welcome Shape to the team and look forward to the work we will do together to transform the application security landscape for customers,” said François Locoh-Donou, F5 President and CEO. “Shape’s advanced AI and analytics capabilities will help accelerate new ways of securing and enhancing the performance of every application, across any cloud.”

Monday, January 27, 2020

F5 Networks reports sales of $569 million, up 5% YoY

F5 Networks reported revenue of $569.3 million for the first quarter of its fiscal year 2020, up 5% from $543.8 million in the first quarter of fiscal year 2019, driven by software solutions revenue growth of 50%.

GAAP net income for the first quarter of fiscal year 2020 was $98.5 million, or $1.62 per diluted share compared to first quarter fiscal year 2019 GAAP net income of $130.9 million, or $2.16 per diluted share.

Non-GAAP net income for the first quarter of fiscal year 2020 was $155.4 million, or $2.55 per diluted share

“To better meet our customers’ changing application demands we have invested to deliver our world-class applications services across a wider range of deployment and consumption models,” said François, Locoh-Donou, CEO and President of F5 Networks. “As a result, customers are increasingly deploying F5 in multi-cloud environments, driving a revenue mix shift toward software. During our first quarter, customer demand for our software solutions and related services and support drove 50% software revenue growth and 5% revenue growth.”

Sunday, January 26, 2020

F5 completes its $1B acquisition of Shape Security

F5 completed its previously announced acquisition of Shape Security, a privately-held company supplying fraud and abuse prevention solutions, for approximately $1 billion in cash.

Shape provides protection from automated attacks, botnets, and targeted fraud. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape’s application protection platform evaluates the data flow from the user into the application and leverages highly sophisticated cloud-based analytics to discern good traffic from bad.

Shape was founded in 2011 and is based in Santa Clara, California.

“We welcome Shape to the team and look forward to the work we will do together to transform the application security landscape for customers,” said François Locoh-Donou, F5 President and CEO. “Shape’s advanced AI and analytics capabilities will help accelerate new ways of securing and enhancing the performance of every application, across any cloud.”

Thursday, December 19, 2019

F5 to acquire Shape Security for $1 billion

F5 agreed to acquire Shape, a privately-held company supplying fraud and abuse prevention solutions, for approximately $1 billion in cash, subject to certain adjustments.

Shape provides protection from automated attacks, botnets, and targeted fraud. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape’s application protection platform evaluates the data flow from the user into the application and leverages highly sophisticated cloud-based analytics to discern good traffic from bad. With F5’s location in the data flow of traffic in over 80% of Fortune 500 application infrastructures, F5 provides the ideal insertion point for Shape’s security services. Together F5 and Shape will dramatically reduce the time and resources needed for organizations to deploy world-class online fraud and abuse protection.

F5 said the acquisition brings together its own expertise in protecting applications across multi-cloud environments with Shape’s fraud and abuse prevention capabilities to transform application security.

“We know from the companies we work with that applications are critical to running their business. To drive maximum business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy. When a website or application experience is degraded by web fraud and abuse, the result is lost revenue, lost brand equity, and customers jumping ship to the competition,” said F5 President and CEO, François Locoh-Donou.

“With Shape, we will deliver end-to-end application protection, which means revenue generating, brand-anchoring applications are protected from the point at which they are created through to the point where consumers interact with them—from code to customer,” continued Locoh-Donou.

“Since Shape’s inception, we observed a consistent pattern in customer after customer: the use of F5 technology to deliver and enable their applications,” said Derek Smith, co-founder and CEO of Shape. “Now, we look forward to the opportunity to deeply integrate into F5’s platform for application delivery and security—F5 provides the optimum traffic flow insertion point for Shape’s industry-leading online fraud and abuse prevention solutions.”

https://investors.f5.com/
https://www.shapesecurity.com/

Tuesday, October 29, 2019

F5 Networks supplies NFV for Rakuten Mobile

F5 Networks confirmed that it is supporting Rakuten Mobile's fully virtualized, cloud-native mobile network.

Specifically, Rakuten Mobile is using F5’s network functions virtualization (NFV) capabilities to optimize its new mobile network and accelerate its path to 5G services in 2020.

F5 said it has provided a full-suite N6/SGi-LAN solution consisting of virtualized CGNAT, SGi Firewall, DNS Transparent Cache, and IP Traffic Optimization Functions to deliver enhanced Mobile Broadband (eMBB) services. F5’s NFV capabilities and offerings enabled Rakuten Mobile, Inc. to:

  • Simplify and optimize service orchestration
  • Ensure application availability, performance, and security
  • Have unmatched freedom and agility in deployment of services
  • Enable a higher throughput, low-latency network and allow predictable scaling for services

Earlier this year, F5 announced several new solutions and enhancements designed to allow service providers to launch 5G services. These offerings enable service providers to maximize the investments in their current 4G networks, while optimizing their infrastructures with the scale to securely deploy emerging 5G.

“Rakuten, one of Japan’s most innovative and well-known brands, is an ideal company to partner with on strategic projects like this,” said James Feger, VP and General Manager of Service Provider business at F5.

“After years of preparing for 5G, we’re seeing progress as service providers like Rakuten begin to implement the infrastructure to make its promise a reality,” Yuichi Gonda, Regional VP at F5 Networks Japan, added. “With F5’s proven carrier-grade solutions, service providers like Rakuten Mobile can optimize their networks, monetize new 5G solutions and applications, and ensure world-class security of their network and subscribers.”

Thursday, May 30, 2019

F5 intros app for Cisco ACI

F5 Networks introduced an app to that combines L2-3 network connectivity with L4-7 application services within Cisco ACI environments.

The F5 ACI ServiceCenter app, which is available through Cisco’s ACI App Center, enhances visibility and control throughout the network and application stack.

It enables joint customers to deploy, configure, and customize application services in ACI environments quickly via declarative APIs. Together, F5 and Cisco engineering teams have built a number of use cases that utilize F5’s broad range of availability, networking and security services, making it uniquely beneficial, easier, and more effective for users to deploy and consume the companies’ technologies together.

“Technology collaboration between F5 and Cisco is a clear win for joint customers,” said Calvin Rowland, SVP of Business Development at F5. “Building on previous partnership efforts, the F5 ACI ServiceCenter app gives organizations the ability to elegantly develop and enhance application and network deployments with a software-defined approach. More broadly, joint efforts like this are emblematic of the ways the two companies integrate capabilities for advanced automation and orchestration throughout the L2-7 stack.”

Wednesday, April 24, 2019

F5 pushes transition to software consumption model

F5 Networks reported revenue of $544.9 million for the second quarter of fiscal year 2019, up 2% growth from $533.3 million in the second quarter of fiscal year 2018. GAAP net income for the second quarter of fiscal year 2019 was $116.1 million, or $1.93 per diluted share, and includes $39.5 million in stock-based compensation, $3.5 million in costs related to the announced acquisition of NGINX, $2.6 million in facility exit costs and $1.8 million in amortization of purchased intangible assets. This compares with second quarter fiscal year 2018 GAAP net income of $109.6 million, or $1.77 per diluted share. Non-GAAP net income for the second quarter of fiscal year 2019 was $154.4 million, or $2.57 per diluted share, compared to $143.3 million, or $2.31 per diluted share, in the second quarter of fiscal year 2018.

F5 said software solutions revenue grew 30%.

“The combination of demand for application security and our new software consumption models, including Enterprise Licensing Agreements, helped drive 30% software revenue growth in our second fiscal quarter,” said François Locoh-Donou, F5 President and Chief Executive Officer. "Security use cases are at the forefront of our customer conversations and customers globally rely on F5 to provide consistent application security and reliable performance as they deploy across private, public, hybrid, and multi-cloud environments.”

Wednesday, January 23, 2019

F5 posts revenue of $544 million, up 4% yoy

F5 Networks reported $543.8 million for its first quarter of fiscal year 2019, up 4% from $523.2 million in the first quarter of fiscal year 2018. Growth compared with the first quarter of fiscal year 2018 was driven by continued momentum in software solutions, which drove year over year product revenue growth for the third consecutive quarter.

GAAP net income for the first quarter of fiscal year 2019 was $130.9 million, or $2.16 per diluted share, compared to $88.4 million, or $1.41 per diluted share, in the first quarter of fiscal year 2018. Non-GAAP net income for the first quarter of fiscal year 2019 was $163.5 million, or $2.70 per diluted share, compared to $141.6 million, or $2.26 per diluted share, in the first quarter of fiscal year 2018.

For its Q2 of fiscal year 2019, ending March 31, 2019, F5 set a revenue goal of $543 million to $553 million with a non-GAAP earnings target of $2.53 to $2.56 per diluted share.

Wednesday, August 15, 2018

F5 introduces VNF Manager

F5 Networks introduced a VNF Manager as part of a prepacked software-defined networking solution based on its BIG-IP capabilities.

The company said its goal is to make VNFs simple to purchase, deploy, manage, and upgrade in a “pay as you grow” model with subscription and perpetual licensing options. To help maximize utilization, resources can be automated and tailored for current initiatives, empowering customers to create, spin up, spin down, and add capacity to F5 VNF services immediately and automatically—all through the integrated F5 VNF Manager.

"Service provider organizations have plenty of options when it comes to virtualizing elements of their network, but what they haven’t had previously is a package that delivers consumption-based pricing that can be tied directly to business outcomes,” said James Feger, VP and General Manager of F5’s Service Provider business. “Beyond just VNFs and basic service management, F5’s new offering provides a preconfigured solution that gives customers push-button ease-of-use for capacity thresholds, along with service programmability and orchestration capabilities for specialized requirements.”

Some highlights:

  • Service providers can introduce differentiated services with flexible VNF service layering and programmable service chaining to expand network capabilities without sacrificing control. Preconfigured solutions support auto-scaling.
  • Network planning, sizing, and deployments can be accelerated with F5’s capacity-based consumption models and automation features, maximizing operational flexibility around elements such as the mobile core and virtual edge. In addition, the solution enables portable VNFs that can be easily moved as needed throughout the network.
  • F5’s automated, capacity-based NFV capabilities reduce the risk (and expense) of both underutilization and overprovisioning.

Wednesday, July 25, 2018

F5's quarterly revenue rises 4.7% yoy to $542 million

F5 Networks reported revenue of $542.2 million for its third quarter of fiscal 2018, up 4.7% from $517.8 million in the third quarter of fiscal 2017.

F5 cited growth with its software solutions and services business.

GAAP net income for the third quarter of fiscal 2018 was $122.7 million, or $1.99 per diluted share, compared to $97.7 million, or $1.52 per diluted share in the third quarter of fiscal 2017.

“I’m pleased with results for the third quarter,” said François Locoh-Donou, F5 President and Chief Executive Officer. “We continue to see momentum in our security and software business, traction in our public cloud offerings and customer excitement around new multi-cloud application solutions like BIG-IP Cloud Edition.

F5 also announced the appointment of Chad Whalen to Executive Vice President, Worldwide Sales.He 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. Previous to F5, he served as VP of Global Alliances and Cloud Services at Fortinet and the GM/VP of North America Field Operations.

Friday, July 20, 2018

F5 appoints Michel Combes to its Board

F5 Networks announced the appointment of Michel Combes, CEO of Sprint, to its board of directors.

Before joining Sprint as CEO earlier this year, Combes served in a number of senior leadership roles, including CEO and chief operating officer at Altice, and chairman and CEO of SFR Group. Additional executive experience includes positions as CEO of Alcatel-Lucent, CEO of Vodafone Europe, chairman and CEO of TDF Group, and chief financial officer and senior executive vice president of France Telecom. He is a graduate of École Polytechnique and Télécom ParisTech.

“The service provider market has long been a core area of F5’s business, and we’re gratified to add an individual of Michel’s industry stature and expertise to our board,” said François Locoh-Donou, president and CEO of F5. “Service providers and their customers are intimately familiar with the power of applications. We anticipate this addition to the company’s leadership team will yield compelling insights as we evolve our app services offerings to support myriad technology consumption models and cloud-focused innovations.”

Sprint names Michel Combes as president and CFO

Michel Combes has been appointed President & Chief Financial Officer of Sprint, reporting to company CEO Marcelo Claure. Combes will also be appointed to Sprint's Board of Directors at a later date.

Combes previously served as CEO of Altice N.V., a convergent global leader in telecom, content, media, entertainment, and advertising, and as chairman and CEO of SFR Group, a leading French telecommunications and media company.  Earlier in this career, Combes served as CEO of Vodafone Europe and chairman and CEO of TDF, a French tower company. Combes also served as an advisor to Brightstar, the company founded by Claure, to support its global expansion. He is a graduate of Ecole Polytechnique and Telecom ParisTech.

Wednesday, April 25, 2018

F5's revenue rises 2.9% yoy to $533.3M

F5 Networks posted revenue of $533.3 million for the second quarter of its fiscal 2018, up 2.9% from $518.2 million in the second quarter of fiscal 2017.

GAAP net income for the second quarter of fiscal 2018 was $109.6 million, or $1.77 per diluted share, compared to $93.1 million, or $1.43 per diluted share in the second quarter of fiscal 2017.

“We had solid execution across the organization during the second quarter,” said François Locoh-Donou, F5 President and Chief Executive Officer. "Our software business had another quarter of outstanding growth, driven by deployments in the public cloud, and our Services organization continues to deliver tremendous value to our customers and strong financial performance.

Wednesday, January 24, 2018

F5 posted revenue of $523.2 million - up 1.4% YoY, growing software sales

F5 posted revenue of $523.2 million for its first quarter of fiscal 2018, up 1.4% from $516.0 million in the first quarter of fiscal 2017. GAAP net income for the first quarter of fiscal 2018 was $88.4 million, or $1.41 per diluted share, compared to $94.2 million, or $1.44 per diluted share in the first quarter of fiscal 2017. Excluding the impact of stock-based compensation, amortization of purchased intangible assets, and non-recurring tax expenses, non-GAAP net income for the first quarter of fiscal 2018 was $141.6 million, or $2.26 per diluted share, compared to $130.3 million, or $1.98 per diluted share in the first quarter of fiscal 2017.

“We continue to see momentum with our software offerings, driven by customers deploying our solutions on-premises and in the public cloud,” said François Locoh-Donou, F5 President and Chief Executive Officer. "The organizational changes and go-to-market initiatives we began to put into place last year are gaining momentum and we expect to see increasing benefits as the current year progresses.

“Our recent State of Application Delivery report highlights a number of emerging trends across the global application landscape. It is clear, applications and related services are taking an increasingly important role as digital transformation reshapes the modern enterprise. We are well positioned to benefit from these broader industry trends as customers require more multi-cloud support, IT automation, and application security.”

F5 adds four to its management team

F5 Networks announced four executive hires, reporting directly to President and CEO François Locoh-Donou:

Kara Sprague will serve in the new role of Senior Vice President, General Manager of Application Delivery Controller (ADC), She joins F5 from the global management consulting firm, McKinsey and Company, where in her thirteen-year tenure she held various leadership positions across their technology practice. Most recently she led the Technology, Media, and Telecom Practice for the Western Region.

Ram Krishnan will be Senior Vice President, General Manager of Security. He joins F5 from CloudPassage, where he was the Chief Product Officer of their SaaS-based cloud workload security solution. Previously, Krishnan served as General Manager for HP’s Applications business and led Symantec’s Risk and Compliance business.

Tom Fountain has been named as the Executive Vice President and Chief Strategy Officer. He joins F5 from McAfee, where he was Senior Vice President of Strategy and Corporate Development. Prior to McAfee, Fountain held multiple leadership roles at Juniper Networks, including General Manager of the company’s Content & Media Business Unit and Vice President of Corporate Strategy.

Ana White has joined F5 as the company’s first Executive Vice President and Chief Human Resources Officer. She comes to F5 from Microsoft, having successfully led global HR teams for over 18 years across multiple business units. Most recently White acted as GM of Human Resources for Microsoft’s Marketing and Consumer Business organization, with responsibility for their team’s HR strategy, talent management, diversity & inclusion, and organizational capability.

Wednesday, October 25, 2017

F5 posts sales of $538m, rising services revenue

F5 Networks posted revenue of $538.0 million for its fourth quarter of fiscal 2017, up 2.4% from $525.3 million in the fourth quarter of fiscal 2016. For fiscal year 2017, revenue was $2.1 billion, up 4.8% from $2.0 billion last year. GAAP net income for the fourth quarter of fiscal 2017 was $135.7 million, or $2.14 per diluted share, compared to $108.9 million, or $1.64 per diluted share in the fourth quarter of fiscal 2016

“We finished fiscal 2017 on a solid note, delivering record fourth quarter and annual revenue and earnings,” said François Locoh-Donou, F5 President and Chief Executive Officer. “We are excited by the meaningful role we are playing in helping customers solve the complexity of deploying applications across on-premise and multi-cloud environments.


Monday, January 30, 2017

F5 Networks Names François Locoh-Donou as CEO

F5 Networks announced the appointment of François Locoh-Donou as its new President and CEO.  He will also served on the company's Board of Directors.

Locoh-Donou succeeds current President and CEO, John McAdam, who will remain a Director on F5's Board upon his retirement on April 3, 2017. Since McAdam joined in 2000, he has led F5 to $2.0 billion in annual revenue, with 49 of the Fortune 50 as customers, and numerous industry and community awards.

Locoh-Donou currently serves as Senior Vice President and Chief Operating Officer of Ciena, a network strategy and technology company. He previously held successive leadership positions at Ciena, including Senior Vice President, Global Products Group; Vice President and General Manager, EMEA; Vice President, International Sales; and Vice President, Marketing. Prior to Ciena, Locoh-Donou held research and development roles with Photonetics, a French opto-electronics company.

Locoh-Donou also serves on the advisory board of Jhpiego, a non-profit global health affiliate of Johns Hopkins University dedicated to providing high-quality healthcare for women and their families in developing countries. He holds engineering degrees from École Centrale de Marseille and Télécom ParisTech in France and a M.B.A. from the Stanford Graduate School of Business.

http://www.f5.com

Wednesday, January 25, 2017

F5 Posts Revenue of $516 Million, up 5.4% YoY

F5 Networks reported Q1 revenue of $516.0 million, up 5.4 percent from $489.5 million in the first quarter of fiscal 2016.

GAAP net income was $94.2 million ($1.44 per diluted share), compared to $89.7 million ($1.28 per diluted share) in the first quarter a year ago. Excluding the impact of stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was $130.3 million ($1.98 per diluted share), compared to $120.6 million ($1.73 per diluted share) in the first quarter of last year.

“As we anticipated, the launch of BIG-IP iSeries, which we successfully completed in November, was a significant contributor to product revenue which grew 2 percent year-over-year,” said John McAdam, F5 president and chief executive officer. “iSeries bookings during the quarter represented approximately 18 percent of appliance bookings and we believe that percentage will increase during the current quarter with general availability of the complete family for the entire quarter.

“Product sales were robust in the Americas, APAC and Japan in Q1, while sales in EMEA remained relatively soft, and were down year over year. As we emphasized during our Analyst/Investor Meeting in November, the array of new products we have brought to market recently and those we are introducing this quarter are closely aligned with major industry trends and the needs of large organizations worldwide. We believe the migration of applications to public and private clouds, the build-out of hybrid cloud infrastructures, the explosion of SSL-encrypted traffic, and the need to provide security for applications, including the burgeoning array of IoT applications, all represent major market opportunities in the current quarter and beyond.”

http://www.f5.com