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Technology Stocks : F5 Networks, Inc. (FFIV)

FFIV 245.91

-0.9%

Nov 7 9:30 AM EST

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From: Moonray	10/24/2007 4:36:54 PM
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F5 Networks Q4 Profit Falls; Says Tom Hull Is Resigning As Senior VP Of Worldwide Sales - Quick Facts (RTTNews) - F5 Networks Inc. (FFIV) announced revenue of $145.6 million for the fourth quarter of fiscal 2007, up 10% from $132.4 million in the prior quarter and 30% from $111.7 million in the fourth quarter of fiscal 2006. Fourth quarter net income of $12.9 million ($0.15 per share) included a one-time charge of $14 million ($0.16 per share) stemming from the company's recent acquisition of Acopia Networks. Net income was $21.8 million ($0.26 per share) in the third quarter of 2007 and $17.8 million ($0.21 per share) in the fourth quarter a year ago. For the first quarter of fiscal 2008, the company said its revenue target is $154 million to $156 million. Earnings for the first quarter are expected to be $0.20 to $0.21 per share. F5 Networks also announced today that Tom Hull is resigning as the company's Senior VP of Worldwide Sales, effective mid November 2007. Hull joined the company in October 2003. F5 said Mark Anderson, currently serving as the company's VP of North o~~~ O

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