F5 fatura US$ 695 milhões no terceiro trimestre do ano fiscal de 2024
- A receita global de serviços cresceu em 3%;
- A participação de vendas de software aumentou em 3%;
- O ano fiscal da F5 termina em 30 de setembro.
A F5, Inc. (NASDAQ: FFIV), provedora de soluções de segurança cibernética, anuncia o faturamento de US$ 695 milhões no terceiro trimestre fiscal de 2024, encerrado em 30 de junho de 2024. Esse resultado representa uma diminuição de pouco mais de 1% em relação ao faturamento do mesmo período no ano anterior. Ou seja, US$ 8 milhões a menos. No entanto, a receita de software, de US$ 179 milhões, cresceu 3% em relação ao mesmo período do ano anterior. Já a receita de sistemas, de US$ 130 milhões, representou um declínio de 16% em relação ao ano anterior. A receita global de serviços, de US$ 387 milhões, cresceu 3% em relação ao mesmo período de 2023.
O ano fiscal da F5 termina em 30 de setembro de 2024.
Segundo François Locoh-Donou, presidente e CEO da F5, a companhia alcançou o topo das expectativas de receita no terceiro trimestre, com um forte desempenho em software e serviços globais, resultando em lucros por ação superiores ao previsto.
Para Locoh-Donou, a F5 está se destacando como um parceiro valioso para grandes empresas que estão atualizando suas infraestruturas de TI, buscando economia de custos e melhorias em segurança e desempenho de aplicações em nuvens híbridas, com foco em automação e eficiência operacional. “Estamos também fazendo parcerias com vários clientes empresariais de grande porte à medida que eles começam a preparar sua infraestrutura de TI para tirar proveito da IA em escala”, disse.
De olho no futuro
Para o quarto trimestre do ano fiscal vigente, que se encerra em 30 de setembro de 2024, a F5 espera entregar receitas na faixa de US$ 720 milhões a US$ 740 milhões, com lucros não-GAAP na faixa de US$ 3,38 a US$ 3,50 por ação diluída.
A F5 prevê que a receita do ano fiscal de 2024 alcance cerca de US$ 2,8 bilhões, o que está no topo das expectativas e é similar ao ano anterior. “A F5 também aumentou suas projeções de crescimento de lucros para cerca de 12% em relação ao ano fiscal de 2023, graças à demanda robusta de software e benefícios fiscais obtidos no terceiro trimestre”, conta Locoh-Donou.
Lucro GAAP x Não-GAAP
O lucro bruto GAAP no terceiro trimestre do ano fiscal de 2024 foi de USD 559 milhões, representando margem bruta GAAP de 80,4%. Isso se compara ao lucro bruto GAAP de USD 561 milhões no mesmo período do ano anterior, que representou uma margem bruta GAAP de 79,8%. O lucro bruto não-GAAP no terceiro trimestre do ano fiscal de 2024 foi de USD 578 milhões, representando uma margem bruta não-GAAP de 83,1%. Isso se compara ao lucro bruto não-GAAP de USD 579 milhões no mesmo período do ano anterior, que representou uma margem bruta não-GAAP de 82,5%.
O lucro operacional GAAP no terceiro trimestre foi de USD 163 milhões, representando margem operacional GAAP de 23,4%. Isso se compara ao lucro operacional GAAP de USD 104 milhões no mesmo período do ano anterior, que representou uma margem operacional GAAP de 14,7%. O lucro operacional não-GAAP do período foi de USD 233 milhões, representando uma margem operacional não-GAAP de 33,4%. Isso se compara ao lucro operacional não-GAAP de USD 233 milhões no período do ano anterior, que representou uma margem operacional não-GAAP de 33,2%.
O lucro líquido GAAP no terceiro trimestre do ano fiscal de 2024 foi de USD 144 milhões, ou USD 2,44 por ação diluída, em comparação com USD 89 milhões, ou USD 1,48 por ação diluída, no terceiro trimestre do ano fiscal de 2023. O lucro líquido não-GAAP no terceiro trimestre de o ano fiscal de 2024 foi de USD 199 milhões, ou USD 3,36 por ação diluída, em comparação com USD 194 milhões, ou USD 3,21 por ação diluída, no terceiro trimestre do ano fiscal de 2023.
Uma conciliação de receita, lucro líquido, lucro por ação e outras medidas, em uma relação GAAP para não-GAAP, está incluída nas Demonstrações de Resultados Consolidadas, abaixo. Informações adicionais sobre informações financeiras não-GAAP estão incluídas neste comunicado.
Performance Summary Tables
GAAP Measures
($ in millions except EPS) | Q3 FY2024 | Q3 FY2023 |
Revenue | $695 | $703 |
Gross profit | $559 | $561 |
Gross margin | 80.4% | 79.8% |
Operating profit | $163 | $104 |
Operating margin | 23.4% | 14.7% |
Net income | $144 | $89 |
EPS | $2.44 | $1.48 |
Non-GAAP Measures
($ in millions except EPS) | Q3 FY2024 | Q3 FY2023 |
Gross profit | $578 | $579 |
Gross margin | 83.1% | 82.5% |
Operating profit | $233 | $233 |
Operating margin | 33.4% | 33.2% |
Net income | $199 | $194 |
EPS | $3.36 | $3.21 |
All forward-looking non-GAAP measures included in the Company’s business outlook exclude estimates for amortization of intangible assets, share-based compensation expenses, significant effects of tax legislation and judicial or administrative interpretation of tax regulations (including the impact of income tax reform), non-recurring income tax adjustments, valuation allowance on deferred tax assets, and the income tax effect of non-GAAP exclusions, and do not include the impact of any future acquisitions or divestitures, acquisition-related charges and write-downs, restructuring charges, facility exit costs, or other non-recurring charges that may occur in the period. F5 is unable to provide a reconciliation of non-GAAP earnings guidance measures to corresponding U.S. generally accepted accounting principles or GAAP measures on a forward-looking basis without unreasonable effort due to the overall high variability and low visibility of most of the foregoing items that have been excluded. Material changes to any one of these items could have a significant effect on our guidance and future GAAP results. Certain exclusions, such as amortization of intangible assets and share-based compensation expenses, are generally incurred each quarter, but the amounts have historically varied and may continue to vary significantly from quarter to quarter.
Forward Looking Statements
This press release contains forward-looking statements including, among other things, F5’s role as a partner with large enterprises, F5’s visibility to strong fourth quarter software demand, the Company’s future financial performance including revenue, earnings growth, future customer demand, and the performance and benefits of the Company’s products. These, and other statements that are not historical facts, 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 offerings; continued disruptions to the global supply chain resulting in inability to source required parts for F5’s products or the ability to only do so at greatly increased prices thereby impacting our revenues and/or margins; global economic conditions and uncertainties in the geopolitical environment; overall information technology spending; F5’s ability to successfully integrate acquired businesses’ products with F5 technologies; the ability of F5’s sales professionals and distribution partners to sell new solutions and service 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; the business impact of the acquisitions and potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement of completion of acquisitions; uncertain global economic conditions which may result in reduced customer demand for our products and services and changes in customer payment patterns; litigation involving patents, intellectual property, shareholder and other matters, and governmental investigations; potential security flaws in the Company’s networks, products or services; cybersecurity attacks on its networks, products or services; 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; the ability of F5 to execute on its share repurchase program including the timing of any repurchases; 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 and other documents that we may file or furnish 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 GAAP net income excluding, as applicable, stock-based compensation, amortization and impairment of purchased intangible assets, facility-exit costs, acquisition-related charges, net of taxes, restructuring charges, and certain non-recurring tax expenses and benefits, which is a non-GAAP financial measure under Section 101 of Regulation G under the Securities Exchange Act of 1934, as amended. 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.
The non-GAAP adjustments, and F5’s basis for excluding them from non-GAAP financial measures, are outlined below:
Stock-based compensation. Stock-based compensation consists of expense for stock options, restricted stock, and employee stock purchases through the Company’s Employee Stock Purchase Plan. Although stock-based compensation is an important aspect of the compensation of F5’s employees and executives, management believes it is useful to exclude stock-based compensation expenses to better understand the long-term performance of the Company’s core business and to facilitate comparison of the Company’s results to those of peer companies.
Amortization and impairment of purchased intangible assets. Purchased intangible assets are amortized over their estimated useful lives, and generally cannot be changed or influenced by management after the acquisition. On a non-recurring basis, when certain events or circumstances are present, management may also be required to write down the carrying value of its purchased intangible assets and recognize impairment charges. Management does not believe these charges accurately reflect the performance of the Company’s ongoing operations; therefore, they are not considered by management in making operating decisions. However, investors should note that the use of intangible assets contributed to F5’s revenues earned during the periods presented and will contribute to F5’s future period revenues as well.
Facility-exit costs. F5 has incurred certain non-recurring right-of-use asset impairment charges, and other related recurring costs in connection with the exit of its leased facilities. These charges are not representative of the ongoing activity or costs to the business. As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations.
Acquisition-related charges, net. F5 does not acquire businesses on a predictable cycle and the terms and scope of each transaction can vary significantly and are unique to each transaction. F5 excludes acquisition-related charges from its non-GAAP financial measures to provide a useful comparison of the Company’s operating results to prior periods and to its peer companies. Acquisition-related charges consist of planning, execution and integration costs incurred directly as a result of an acquisition.
Restructuring charges. F5 has incurred restructuring charges that are included in its GAAP financial statements, primarily related to workforce reductions and costs associated with exiting facility-lease commitments. F5 excludes these items from its non-GAAP financial measures when evaluating its continuing business performance as such items vary significantly based on the magnitude of the restructuring action and do not reflect expected future operating expenses. In addition, these charges do not necessarily provide meaningful insight into the fundamentals of current or past operations of its business.
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 measures of earnings and earnings per share provides investors with an additional tool for evaluating the performance of the Company’s core business and is used by management 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 these supplemental measures since, with reconciliation to GAAP, it may provide additional insight into the Company’s operational performance and financial results.
For reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section in our attached Condensed Consolidated Income Statements entitled “Non-GAAP Financial Measures.”
Consolidated Income Statements ›
Consolidated Statements of Cash Flows ›
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Sobre a F5
A F5, uma empresa de segurança e serviços para aplicações multicloud, tem o compromisso de dar vida a um mundo digital melhor. A F5 é parceira das maiores e mais avançadas organizações do mundo, protegendo e otimizando todas as aplicações e APIs em qualquer lugar – on-premises, na nuvem ou na borda. A F5 capacita as organizações a fornecer a seus clientes experiências digitais seguras excepcionais e a permanecer continuamente à frente das ameaças. Para maiores informações, acesse f5.com (NASDAQ: FFIV).
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