F5 Networks Inc. (FFIV) reported that its second-quarter GAAP net income was $63.4 million or $0.80 per share, down from $68.6 million or $0.86 per share in the same quarter a year ago.
Excluding the impact of stock-based compensation and amortization of purchased intangible assets, non-GAAP net income was $84.7 million or $1.07 per share, compared to $87.1 million or $1.09 per share in the second quarter of last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.07 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $350.2 million, down 2 percent from $365.5 million in the year ago quarter. Thirty six analysts had consensus revenue estimate of $351.77 million for the quarter.
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