The company earned revenue of $205 million from its
product business, against $173 million for the same quarter for 2011. On the
other hand, F5 earned revenue of $134 million from its service business,
against $103 million for the same quarter of 2011.

 

The company’s net income stood at $68.6 million compared
to $66.5 million in the prior quarter and $55.6 million in the second quarter
of 2011.

 

For the ongoing quarter, the company has set a revenue
target of $350 million to $355 million with a GAAP earnings target of $0.88 to
$0.90 per diluted share.

 

During the quarter, F5 added 190 employees worldwide,
including 60 from Traffix Systems.

 

The acquisition of Traffix Systems was significant for
the company because the Diameter protocol has gained acceptance by the 3GPP and
GSMA as the standard for network signaling in all 4G/LTE networks.

 

John McAdam, F5 president and chief executive officer, said strong
demand for VIPRION platforms, F5’s Virtual Clustered Multiprocessing technology
and the full range of BIG-IP software modules contributed to solid gains in
product revenue, which grew more than 18 percent year over year.

 

The company also said that its bookings growth was solid
in APAC, especially in Japan, and sales growth in EMEA was in line with overall
growth during the quarter. Solid growth in the Americas was driven by strong
service provider sales.

 

In the second quarter we saw increasing demand for all
of our security products, including our security modules, Application Security
Manager (ASM) and Access Policy Manager (APM), and our EDGE Gateway appliance.
As the number and complexity of security threats continues to grow, we
anticipate that our integrated security solutions will be an increasingly
important component of our revenue stream,” McAdam added.

 

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