article thumbnail

F5 reports $747M in quarterly revenue as stock surges 10%; company names new CFO

GeekWire

The Seattle-based application delivery company reported revenue of $747 million, up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. Werner, who joined F5 in 2001 and was previously senior vice president of finance, will replace Frank Pelzer , who is retiring.

Report 75
article thumbnail

F5 confirms new round of job cuts, continuing annual pattern of workforce reductions

GeekWire

The company on Monday reported quarterly revenue of $747 million , up 6% year-over-year, and GAAP net income of $165 million, up more than 8% year-over-year. Werner, who joined F5 in 2001 and was previously senior vice president of finance, will replace Frank Pelzer , who is retiring. F5’s fiscal year ended Sept.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Absolute Software to buy Seattle-based NetMotion for $340M

GeekWire

Founded in 2001, NetMotion helps employees at more than 3,000 organizations access resources from devices both on premises or remotely in the cloud. million for the quarter ended March 31, up 18% year-over-year, and net income of $2.2 Absolute said the deal will compliment its “Endpoint Resilience” offering.

article thumbnail

Tech billionaires lost $315 billion in 2022 and it genuinely doesn’t matter

Vox

Bill Gates and Jeff Bezos at the Schick Xtreme III Tennis Challenge in Seattle, Washington, in 2001. Amazon founder Jeff Bezos lost $50 billion in 2022, leaving him with a net worth of around $151 billion, according to Forbes. The Forbes 400 has Yuan’s 2022 net worth at $3.9 Robert Sorbo/Sygma via Getty Images.

.Net 89
article thumbnail

IT services company Atos plans IBM-style split

CIO Business Intelligence

IBM was still broadly profitable when it split, having made a net profit of $5.7 He’s been with the company since 2001, just after the first appearance of the Atos name, although the company’s origins go much further back, with at least part of its business tracing back over a century. Legacy losses. billion ($5.3

IBM 98
article thumbnail

Interview: Expedia’s new leaders from Apple and Verizon hope to help travel giant bounce back

GeekWire

In 2001, Expedia Group embarked on a shopping spree. Apple reported late last month that second-quarter net sales for its services alone were up 35% to nearly $17 billion compared to $13.3 New Expedia execs Jon Gieselman (left) and Rathi Murthy. Expedia Photo). billion for the same period last year. Personalization opportunity.

Travel 80
article thumbnail

Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

Its net loss for the first nine months of this year was $2.2 San Francisco biotech startup Earli added Juno Therapeutics founding scientist Phil Greenberg and former Fred Hutch President Lee Hartwell , who received a Nobel Prize in 2001, to its scientific advisory board. The company posted revenue of $4.2 billion in 2019. Jamie Cohen.

Groups 76