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home / news releases / f5 inc ffiv q2 2024 earnings call transcript


FFIV - F5 Inc. (FFIV) Q2 2024 Earnings Call Transcript

2024-04-29 20:00:09 ET

F5, Inc. (FFIV)

Q2 2024 Earnings Conference Call

April 29, 2024 04:30 PM ET

Company Participants

Suzanne DuLong - VP, IR

Francois Locoh-Donou - President & CEO

Frank Pelzer - EVP & CFO

Conference Call Participants

Tim Long - Barclays

Samik Chatterjee - JPMorgan

Alex Henderson - Needham & Company

Meta Marshall - Morgan Stanley

Michael Ng - Goldman Sachs

Amit Daryanani - Evercore ISI

James Fish - Piper Sandler

Raymond McDonough - Guggenheim Securities

Sebastien Naji - William Blair

Presentation

Operator

Good afternoon, and welcome to the F5, Inc. Second Quarter Fiscal 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] Also, today's conference is being recorded. If anyone has any objections, please disconnect at this time.

I'll now turn the call over to Ms. Suzanne DuLong. Ma'am, you may begin.

Suzanne DuLong

Hello, and welcome. I am Suzanne DuLong, F5's Vice President of Investor Relations. Francois Locoh-Donou, F5's President and CEO; and Frank Pelzer, F5's Executive Vice President and CFO, will be making prepared remarks on today's call. Other members of the F5 executive team are also here to answer questions during the Q&A session. A copy of today's press release is available on our website at f5.com, where an archived version of today's audio will be available through July 28, 2024.

We will post the slide deck accompanying today's webcast to our IR site at the conclusion of our call. To access the replay of today's webcast by phone, dial (877) 660-6853 or (201) 612-7415 and use meeting ID 13745541. The telephonic replay will be available through mid-night Pacific Time, April 30, 2024. For additional information or follow-up questions, please reach out to me directly at s.dulong@f5.com.

Our discussion today will contain forward-looking statements. which includes words such as believe, anticipate, expect and target. These forward-looking statements involve uncertainties and risks that may cause our actual results to differ materially from those expressed or implied by these statements. We have summarized factors that may affect our results in the press release announcing our financial results and in detail in our SEC filings.

In addition, we will reference non-GAAP metrics during today's discussion. Please see our full GAAP to non-GAAP reconciliation in today's press release and in the appendix of our earnings slide deck. Please note that F5 has no duty to update any information presented in this call.

With that, I will turn the call over to Francois.

Francois Locoh-Donou

Thank you, Suzanne, and hello, everyone. Thank you for joining us. In my remarks today, I will speak to our Q2 highlights as well as our expectations for Q3 in FY '24. Frank will then review the details of our Q2 results and provide additional color on our outlook. Overall, customers remain cautious as a result of lingering macroeconomic concerns and what currently looks like generally flat IT budgets for calendar 2024....

For further details see:

F5, Inc. (FFIV) Q2 2024 Earnings Call Transcript
Stock Information

Company Name: F5 Inc.
Stock Symbol: FFIV
Market: NASDAQ

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