F5 Networks Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to $1.18 per share, compared with the S&P Capital IQ consensus estimate of $1.60 per share.
EPS increased year over year from $1.14.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $82.6 million, a decline from $84.3 million in the year-earlier period.
The normalized profit margin declined to 16.9% from 18.2% in the year-earlier period.
Total revenue rose 5.8% year over year to $489.5 million from $462.8 million, and total operating expenses increased 8.5% on an annual basis to $358.5 million from $330.5 million.
Reported net income totaled $89.4 million, or $1.28 per share, compared to $89.4 million, or $1.21 per share, in the prior-year period.
