F5 Networks software revenue jumps 50% as big acquisitions help to transform its business

▤ Summary

“I still feel we are in the early innings of it, but it’s now gathering some strong momentum,” said F5 CEO François Locoh-Donou, noting that many other enterprise hardware companies have struggled to make a similar shift. The company attributed the increase in software and services revenue to more of its customers deploying its technology across multiple cloud platforms, in addition to their own servers and data centers. F5, which moved into a new downtown Seattle skyscraper last year, employs about 5,700 people globally following the Shape Security acquisition, Locoh-Donou said. For the December quarter, F5 reported about $7.8 million in restructuring costs, as it cut an unspecified number of jobs in its North American sales organization. The company says it’s now working on the integration of Shape Security, applying lessons learned from the NGINX acquisition.

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F5

$1B+