04:43 PM EST, 01/28/2025 (MT Newswires) -- F5 (FFIV) reported fiscal Q1 non-GAAP earnings late Tuesday of $3.84 per diluted share, up from $3.43 a year earlier.

Analysts polled by FactSet expected $3.36.

Net revenue for the quarter that ended Dec. 31 was $766.5 million, up from $692.6 million a year earlier. Analysts surveyed by FactSet expected $715.4 million.

The company expects fiscal Q2 non-GAAP earnings of $3.02 to $3.14 per diluted share. Analysts surveyed by FactSet expect $3.21.

The company expects revenue for the quarter of between $705 million and $725 million. Analysts polled by FactSet expect $702.7 million.

For fiscal 2025, the company raised its revenue growth expectations to 6% to 7% from a year ago, up from its prior guidance of 4% to 5%. The company also raised its fiscal 2025 non-GAAP earnings per share expectations to reflect 6.5% to 8.5% growth over a year earlier, up from its prior guidance of 5% to 7% growth. Analysts polled by FactSet expect earnings of $14.26 on revenue of $2.95 billion.

Shares of the company traded over 12% higher in after-hours activity.