F5 Networks fatura 1,92 bilhões de dólares em 2015

Resultado representa um aumento de 11% em relação ao total de $1,73 bilhões do ano anterior; o ano fiscal da F5 Networks terminou em 30 de setembro

A F5 Networks, líder em soluções de ADN (Application Delivery Networking) – tecnologia  que garante a entrega de aplicações rodando em ambiente Web – anuncia que faturou US$ 1,92 bilhões de dólares em 2015, o que significa um aumento de 11% acima dos US$ 1,73 bilhões no ano anterior. A receita do último quarter (encerrado no dia 30 de setembro) foi de US$ 501,3 milhões de dólares. Este resultado significa um aumento de 4% em relação ao terceiro trimestre e um salto de 8% sobre o faturamento no mesmo período de 2014.

A F5 Networks encerrou seu ano fiscal no último dia de setembro de 2015.

Para Manny Rivello, presidente e CEO da F5 Networks, o quarto trimestre desse ano foi muito positivo. “O faturamento deste período superou o trimestre passado em 17,7 milhões de dólares; esse resultado só foi possível graças ao contínuo crescimento nas vendas da plataforma virtual do BIG-IP através dos pacotes especiais de licenciamento Good-Better-Best da empresa, além das ofertas Silverline SaaS baseadas na nuvem”.

De olho no futuro

Com o pensamento muito mais adiante, Manny Rivello, diz acreditar que os lançamentos planejados de produtos e novas iniciativas comerciais, combinados com o poder dos relacionamentos com parceiros, como a parceria recentemente anunciada com a FireEye, continuarão a expandir o mercado alcançável e a impulsionar as vendas de produtos da F5 ao longo do ano. ”Todavia, esperamos que seu efeito combinado seja gradual e mais expressivo no segundo semestre”, ressalta.

O presidente avisa que essas tendências validam o sucesso da F5 Networks em atender à crescente necessidade de soluções híbridas que podem ser implementadas e centralmente administradas localmente e na nuvem. “Esperamos vê-las continuarem assim em todo o ano fiscal de 2016”.

Mesmo assim, apesar de um ano tão bom, o CEO mostra cautela e, para o primeiro trimestre do ano fiscal de 2016, que termina em 31 de dezembro, a empresa estabeleceu uma meta de receita de USD 480 milhões a USD 490 milhões, com uma meta de lucro GAAP de USD 1,13 a USD 1,16 por ação diluída.

“Nos últimos anos, tivemos um primeiro trimestre sazonalmente mais lento, seguido por um crescimento constante das vendas até o fim do ano fiscal. Além disso, estamos incluindo uma medida de contínua incerteza no macroambiente ao delinearmos nossa previsão para o Q1 do ano fiscal de 2016”, finaliza Rivello.

Lucro GAAP x Não GAAP

Excluindo-se o impacto de compensação e amortização baseada em ações de ativos intangíveis adquiridos, a receita líquida não-GAAP do quarto trimestre foi de USD 130,7 milhões (USD 1,84 por ação diluída), em comparação com USD 120,2 milhões (USD 1,67 por ação diluída) no trimestre anterior e USD 116,7 milhões (USD 1,57 por ação diluída) no quarto trimestre do ano fiscal de 2014.  Para o ano fiscal de 2015, a receita líquida não-GAAP foi de USD 480,3 milhões (USD 6,62 por ação diluída), contra USD 413,0 milhões (USD 5,43 por ação diluída) no ano fiscal de 2014.

De acordo com Manny Rivello, presidente e CEO da F5, a receita líquida GAAP foi de USD 97,0 milhões (USD 1,36 por ação diluída), em comparação com USD 93,2 milhões (USD 1,29 por ação diluída) no terceiro trimestre de 2015 e USD 94,0 milhões (USD 1,26 por ação diluída) no quarto trimestre do ano anterior. 

Já a receita líquida GAAP do ano foi de USD 365,0 milhões (USD 5,03 por ação diluída), contra USD 311,2 milhões (USD 4,09 por ação diluída) no ano fiscal de 2014. "Diante do cenário de uma macroeconomia volátil, a F5 apresentou um ano de sólido crescimento e rentabilidade", disse Rivello.

Uma reconciliação entre os lucros GAAP e não-GAAP esperados está detalhado na tabela a seguir: 

	Three months ended December 31, 2015
Reconciliation of Expected Non-GAAP First Quarter Earnings	Low	High
Net income	$ 79.8	$ 82.0
Stock-based compensation expense	$ 39.0	$ 39.0
Amortization of purchased intangible assets	$ 3.4	$ 3.4
Tax effects related to above items	$ (10.7)	$ (10.7)
Non-GAAP net income excluding stock-based compensation expense and amortization of purchased intangible assets	$ 111.5	$ 113.7
Net income per share - diluted	$ 1.13	$ 1.16
Non-GAAP net income per share - diluted	$ 1.58	$ 1.61

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.

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.”

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