Filing Flows › F5 (FFIV) › Q4 FY24
F5 (FFIV) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 18, 2024
F5 (FFIV) reported revenue of $747M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and +7% from the quarter before. Operating margin was 25.6%, net earnings $165M (22.1% of revenue).
F5, Q4 FY24: revenue $747M (+6% year over year), operating margin 25.6%, net earnings $165M, operating cash flow $247M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $747M | +7% | +6% |
| Gross profit | $603M | +8% | +7% |
| Operating profit | $191M | +17% | +11% |
| Net earnings | $165M | +15% | +9% |
| Operating cash flow | $247M | +55% | +30% |
| Free cash flow | $240M | +57% | +38% |
What changed
Revenue was $746.7M in Q4 FY24, up 6% year over year and up 7% from the previous quarter. Service was the largest line at 52% of revenue.
Gross margin was 80.8%, up 0.7 points from a year earlier. Operating profit was $191.0M, a 25.6% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 24% margin then. Operating expenses grew 4% against revenue growth of 6%. The fastest-growing cost line was General & admin (+15%). Net earnings were $165.3M, up 9% year over year. The effective tax rate was 18.8%.
Operating cash flow was $246.5M (up 30% year over year), 149% of net earnings. Non-cash charges added back $22.9M of depreciation and amortization and $53.8M of share-based compensation. Capital expenditures of $6.1M left free cash flow of $240.4M.
Questions
What was F5's revenue in the fourth quarter fiscal 2024?
F5 (FFIV) reported revenue of $747M for the fourth quarter fiscal 2024 (Q4 FY24), +6% from a year earlier and +7% from the quarter before.
Was F5 profitable in the fourth quarter fiscal 2024?
Operating profit was $191M (25.6% of revenue) and net earnings $165M.
Source: F5 10-K on SEC EDGAR.