F5 Reports A Strong Q1 Despite Global Macroeconomic Issues

Leading application delivery networks provider F5 Networks reported its Q1 2016 earnings on January 20th. (Fiscal Years end with September.) Although the company's topline declined by 5% sequentially due to the seasonal softness, it reported revenues at the higher end of its guidance. F5's service revenue constituted 52% of the overall revenues for the quarter and grew by 15%, offsetting the decline in product revenue. While the quarter was not too good for the company's product business, it exp...