F5 Networks, Inc. FFIV posted fiscal fourth-quarter results that beat expectations and offered an outlook for the current period in line with Wall Street views on Wednesday.
The Seattle-based maker of application delivery controllers that speed up communication networks and Web sites said separately that its Chief Executive, John McAdam (age 63), will retire at the end of fiscal 2015.
F5 gained nearly 2 percent in the extended session recently, trading at $119.12 per share.
The company forecasts fiscal first-quarter adjusted earnings of $1.46 to $1.49 a share, on revenue of $460 million to $470 million.
Analysts expect adjusted profit of $1.48 a share on revenue of $464.94 million.
Fourth-quarter net income grew to $94 million, or $1.26 a share, from $76.2 million, or $0.97 a share a year ago. Adjusted income equaled $1.57 a share.
Revenue for the recent period increased to $465.3 million from $395.3 million a year earlier.
Analysts expected adjusted earnings of $1.48 a share on revenue of $460.67 million.
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