The business environment continued to be challenging as "customers remain cautious and are forecasting largely flat IT budgets for calendar 2024," F5 CEO François Locoh-Donou said in a statement. Adjusted per share earnings forecast of $2.89 to $3.01 also came in below expectations of $3.09. F5 had announced cuts to its workforce and reduced some office space in April last year, citing muted tech spending by customers.
Cameron Munster got to his 200th Storm game the hard way, but was full of praise for those in his life. Find out more here.
Robust Sales Growth and Margin Expansion Highlight the Quarter