F5 Networks up 10% on Better Than Expected Earnings - F5 (NASDAQ:FFIV)

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F5 Networks (NASDAQ: FFIV) is trading higher on the session following its earnings announcement yesterday. The company reported Q1 EPS of $1.03 vs $1.01 estimate and revenues $322.4 million vs $319.03 million estimate.In addition, F5 Networks guided Q2 EPS $1.05-1.07 vs $1.05 estimate and revenues $332-337 million vs $330.90 million estimate. CEO John McAdam stated: "Strong sales in APAC, Japan, and particularly North America offset the seasonal slowdown that typically characterizes the first quarter of a new fiscal year. We were also pleased that sales in the EMEA region exceeded our expectations,” said John McAdam, F5 president and chief executive officer."F5 Networks is currently trading at $119.40, a gain of $10.94 or 10.09%.

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