F5 (FFIV) Revenue — Quarter Ended Dec 31, 2023
F5's revenue for the quarter decreased compared with both the immediately preceding quarter and the same period one year earlier. The filing context discusses cash flow and share repurchases but does not attribute the revenue change.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
F5's revenue for the quarter decreased compared with both the immediately preceding quarter and the same period one year earlier. The filing context discusses cash flow and share repurchases but does not attribute the revenue change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$692.6M
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $703.2M | +10.9% |
| Jun 30, 2023 | $702.6M | +4.2% |
| Sep 30, 2023 | $707M | +1.0% |
| Dec 31, 2023 | $692.6M | -1.1% |
Revenue performance
Reported revenue declined on both a sequential and year-over-year basis. The company's liquidity position improved during the quarter.
Quarterly comparison
Revenue was lower than the preceding quarter and the same quarter one year prior, reflecting a reversal of earlier growth trends.
What to watch
The revenue decline warrants attention, especially as it reverses the upward trajectory seen in preceding quarters.