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F5, Inc.

Q32021

7/26/2021

speaker
Operator
Conference Call Host/Operator

Good afternoon and welcome to the F5 Network's third quarter fiscal 2021 financial results conference call. 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.

speaker
Suzanne Dulong
Vice President of Investor Relations

Hello and welcome. I'm Suzanne Dulong, F5's Vice President of Investor Relations. Francois Locodinou, 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 on hand 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 A copy of today's press release is available on our website at F5.com, where an archived version of today's call will be available through October 25th, 2021. Today's live discussion is supported by slides, which are viewable on the webcast and will be posted to our IR site at the conclusion of today's discussion. To access the replay of today's call by phone, dial 800-585-8367 or 416-621-4642. Use meeting ID 529-4198. The telephonic replay will be available through midnight Pacific time, July 27th. For additional information or follow-up questions, please reach out to me directly at s.dulong at f5.com. Our discussion today will contain forward-looking statements, which include 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. Factors that may affect our results are summarized in the press release announcing our financial results and described in detail in our SEC filings. Please note that F5 has no duty to update any information presented in this call. With that, I'll turn the call over to Francois.

speaker
Francois Locodinou
President and CEO

Thank you, Suzanne, and hello, everyone. Thank you for joining us today. I am pleased to share with you our very strong Q3 results. Broad-based strengths across the business drove 11% revenue growth in the quarter, marking our third sequential quarter of double-digit revenue growth. We delivered 34% software growth, 13% systems growth, and 4% global services growth in Q3. F5 Business is benefiting from digital acceleration and application growth as well as heightened demand for application security. Customers' traditional apps are generating more revenue and more engagement than ever before. At the same time, customers also are accelerating adoption of modern application architectures like Kubernetes for new applications. With our expanded application security and delivery portfolio, we are uniquely positioned to solve our customers' most significant modern and traditional application challenges on-prem, in the cloud, and across multiple clouds. I will speak more about our business drivers and customer highlights from the quarter after Franck reviews our Q3 results and Q4 outlook. Franck?

Disclaimer

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