F5 Beats Wall Street Expectations Warns Of Supply Chain Constraints In 2022
F5 attributed the Q1 revenue growth to a 19% increase in product revenue and a 2% increase in global services revenue growth compared to Q1 2021. F5 saw non-GAAP product revenue grow due to a 47% increase in software revenue and a 1% increase in systems revenue. F5 expects to deliver Q2 revenue in the range of $610 to $650 million. François Locoh-Donou, F5’s president and CEO, said the company saw strong demand for their application security and delivery solutions, leading to the 10% revenue growth in Q1....