F5 Networks, one of Seattle's largest publicly-traded technology companies, today reported weakness in sales for its second quarter. The maker of networking equipment and software reported revenue of $154.1 million, down 7 percent from the first quarter and off 3 percent from the same period last year.
"Continued weakening in the global economy impacted sales across all regions," said F5 CEO John McAdam in a statement. F5 posted net income of $19 million, compared to $21.4 million for the previous quarter. The company is now targeting revenue of $148 million to $157 million for the third quarter, and net income of 22 cents to 25 cents per share.
It finished the quarter with $119 million in cash and cash equivalents.
READ MORE and COMMENT
, more 
No comments:
Post a Comment