O ano fiscal 2016 será encerrado no dia 30 de setembro próximo. O faturamento da F5 Networks em 2015 foi de 1.92 bilhões de dólares.
De acordo com Rita D’Andrea, country manager da F5 Networks Brasil, essa marca foi atingida graças ao crescimento das receitas nas Américas e na região da Ásia-Pacífico. “Esses resultados estão ligados à implementação dos nossos produtos em ambientes de nuvem pública e privada de diversos setores da economia. O crescimento se justifica, também, devido ao contínuo avanço das vendas de software em nossa receita global de produtos”, disse a executiva.
As receitas da região EMEA tiveram uma leve diminuição em relação ao trimestre anterior. Isso se deve ao BREXIT, a saída do Reino Unido da União Europeia.
Lucro GAAP x Não-GAAP
A receita líquida GAAP foi de USD 91,8 milhões (USD 1,37 por ação diluída), em comparação com USD 75,4 milhões (USD 1,11 por ação diluída) no trimestre anterior e USD 93,2 milhões (USD 1,29 por ação diluída) no terceiro trimestre do ano anterior.
Excluindo-se o impacto de compensação e amortização baseada em ações de ativos intangíveis adquiridos, a receita líquida não-GAAP foi de USD 121,7 milhões (USD 1,81 por ação diluída), em comparação com USD 114,0 milhões (USD 1,68 por ação diluída) no trimestre anterior e USD 120,2 milhões (USD 1,67 por ação diluída) no terceiro trimestre do ano anterior.
A reconciliação entre a receita líquida GAAP e a receita líquida não-GAAP está incluída no anexo Demonstrações Consolidadas de Operações no final desse texto.
De olho no futuro
Confiante no lançamento de novos produtos, além de atualizações já anunciadas e dos blades de 100Gb para VIPRION, a empresa apresentou a versão 5.0 da sua plataforma de gerenciamento BIG-IQ, uma nova aplicação standalone para mitigação de DDoS, além de uma nova versão de TMOS com funcionalidades projetadas para a comunidade DevOps e aprimoramentos da capacidade de integração na nuvem, a F5 Networks estabeleceu para o quarto trimestre com término em 30 de setembro de 2016, uma meta de receita de USD 515 milhões a USD 525 milhões, com meta de lucros GAAP de USD 1,44 a USD 1,47 por ação diluída e uma meta de lucros não-GAAP de USD 1,92 a USD 1,95 por ação diluída.
Reconciliation of Expected Non-GAAP Fourth Quarter Earnings
Three months ended September 30, 2016
Net income $96.2 $98.2
Stock-based compensation expense $40.0 $40.0
Amortization of purchased intangible assets $3.5 $3.5
Tax effects related to above items $(11.8) $(11.8)
Non-GAAP net income excluding stock-based compensation expense and amortization of purchased intangible assets $127.9 $129.9
Net income per share – diluted $1.44 $1.47
Non-GAAP net income per share – diluted $1.92 $1.95
Forward Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding the continuing strength and momentum of F5‘s business, future financial performance, sequential growth, projected revenues including target revenue and earnings ranges, income, earnings per share, share amount and share price assumptions, demand for application delivery networking, application delivery services, security, virtualization and diameter products, expectations regarding future services and products, expectations regarding future customers, markets and the benefits of products, and other statements that are not historical facts and which are forward-looking statements. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors. Such forward-looking statements involve risks and uncertainties, as well as assumptions and other factors that, if they do not fully materialize or prove correct, could cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: customer acceptance of our new traffic management, security, application delivery, optimization, diameter and virtualization offerings; the timely development, introduction and acceptance of additional new products and features by F5 or its competitors; competitive factors, including but not limited to pricing pressures, industry consolidation, entry of new competitors into F5‘s markets, and new product and marketing initiatives by our competitors; increased sales discounts; uncertain global economic conditions which may result in reduced customer demand for our products and services and changes in customer payment patterns; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; litigation involving patents, intellectual property, shareholder and other matters, and governmental investigations; natural catastrophic events; a pandemic or epidemic; F5‘s ability to sustain, develop and effectively utilize distribution relationships; F5‘s ability to attract, train and retain qualified product development, marketing, sales, professional services and customer support personnel; F5‘s ability to expand in international markets; the unpredictability of F5‘s sales cycle; F5‘s share repurchase program; future prices of F5‘s common stock; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission, including our most recent reports on Form 10-K and Form 10-Q and current reports on Form 8-K that we may file from time to time, which could cause actual results to vary from expectations. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in F5‘s most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. All forward-looking statements in this press release are based on information available as of the date hereof and qualified in their entirety by this cautionary statement. F5 assumes no obligation to revise or update these forward-looking statements.
GAAP to non-GAAP Reconciliation
F5‘s management evaluates and makes operating decisions using various operating measures. These measures are generally based on the revenues of its products, services operations and certain costs of those operations, such as cost of revenues, research and development, sales and marketing and general and administrative expenses. One such measure is net income excluding stock-based compensation, amortization of purchased intangible assets and acquisition-related charges, net of taxes, which is a non-GAAP financial measure under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. This measure consists of GAAP net income excluding, as applicable, stock-based compensation, amortization of purchased intangible assets and acquisition-related charges. This measure of non-GAAP net income is adjusted by the amount of additional taxes or tax benefit that the company would accrue if it used non-GAAP results instead of GAAP results to calculate the company‘s tax liability. Stock-based compensation is a non-cash expense that F5 has accounted for since July 1, 2005 in accordance with the fair value recognition provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718 Compensation Stock—Compensation (“FASB ASC Topic 718”). Amortization of intangible assets is a non-cash expense. Investors should note that the use of intangible assets contribute to revenues earned during the periods presented and will contribute to revenues in future periods. Acquisition-related expenses consist of professional services fees incurred in connection with acquisitions. In addition, expense related to a jury verdict and other associated costs of that patent litigation have been excluded from GAAP net income for the purpose of measuring non-GAAP earnings and earnings per share in fiscal 2016.
Management believes that non-GAAP net income per share provides useful supplemental information to management and investors regarding the performance of the company‘s core business operations and facilitates comparisons to the company‘s historical operating results. Although F5‘s management finds this non-GAAP measure to be useful in evaluating the performance of the core business, management‘s reliance on this measure is limited because items excluded from such measures could have a material effect on F5‘s earnings and earnings per share calculated in accordance with GAAP. Therefore, F5‘s management will use its non-GAAP earnings and earnings per share measures, in conjunction with GAAP earnings and earnings per share measures, to address these limitations when evaluating the performance of the company‘s core business. Investors should consider these non-GAAP measures in addition to, and not as a substitute for, financial performance measures in accordance with GAAP.
F5 believes that presenting its non-GAAP measure of earnings and earnings per share provides investors with an additional tool for evaluating the performance of the company‘s core business and which management uses in its own evaluation of the company‘s performance. Investors are encouraged to look at GAAP results as the best measure of financial performance. However, while the GAAP results are more complete, the company provides investors this supplemental measure since, with reconciliation to GAAP, it may provide additional insight into the company‘s operational performance and financial results.
For reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure, please see the section in our Consolidated Statements of Operations entitled “Non-GAAP Financial Measures.”
Sobre a F5 Networks
A F5 Networks provê soluções para o universo das aplicações. A F5 Networks ajuda as organizações a criarem soluções escaláveis de computação em nuvem, data center e SDN (Software Defined Network, rede definida por software). Em todos os casos, a tecnologia F5 Networks garante a entrega das aplicações a qualquer usuário, em qualquer lugar, a qualquer momento. A plataforma F5 amplia o alcance das soluções de TI – isso é feito com a ajuda de um rico ecossistema de parceiros da F5 Networks, incluindo fornecedores de soluções para orquestração de data centers. Um dos destaques da estratégia de negócios da F5 Networks é sua flexibilidade, permitindo que os usuários projetem o modelo de infraestrutura que melhor atenda às suas necessidades. As maiores empresas globais confiam na F5 Networks para estar à frente das tendências de computação em nuvem, segurança e mobilidade. A companhia, que tem sede em Seattle, Estados Unidos, atua no mercado brasileiro desde 2001, através de distribuidores e revendas. No final de 2005, a F5 instalou oficialmente sua subsidiária brasileira, em São Paulo. Mais informações:www.f5networks.com.br