Early in the month, Cisco said that the networking industry is showing signs of stabilizing despite an 18% slump in sales. 3Com too has been showing signs of pulling off a turnaround. Nortel, however, filed for bankruptcy earlier this year. And Brocade is likely an acquisition target. Let’s now analyze the performance of the remaining networking networking players of which F5 is the strongest, and Alcatel-Lucent the weakest.
On April 22, F5 Networks, Inc. (NASDAQ:FFIV), a leader in the niche of application delivery networking with annual revenue of $650 million, reported its second quarter results. Q2 revenue was down 7% y-o-y and 3% q-o-q to $154.1 million. Net income was up 7% to $19 million. Q1 analysis is available here.
Read the remaining of this analysis on sramanamitra.com.