F5 Networks posted solid financial results for fiscal second quarter, reporting revenues of $420 million — up 20 percent over the same period last year — and net income of $69.6 million. That was up from $68 million in the prior quarter, and up from $63 million in the same period last year.
“There were very few surprises in the second quarter of fiscal 2014,” said John McAdam, F5 president and chief executive officer, in a press release. “During the quarter, strong demand for our software-defined application services resulted in 22 percent year-over-year product revenue growth.
F5 gained slightly in after hours trading, up one percent. It now has a market value of $7.3 billion. The company’s software and hardware products are designed to securely delivery applications over the Internet