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 80
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.

Insiders

Sign Up for our Newsletter

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

Trending Sources

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.

Financial 104
article thumbnail

GI Partners Buys LA Telecom Hub One Wilshire » Data Center.

Data Center Knowledge

In 2001, CalPERS backed GI Partners to acquire dozens of data center and Internet gateway properties, including many distressed properties bought at discount prices during a glut of data center real estate in the wake of the dot-com bust. | High Net World HNW Magazine. In its first year the fund has acquired more than 1.7

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 95
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

The Gates split: While the money is outrageous, here’s why the divorce likely won’t be

GeekWire

Mark Zuckerberg famously — and legally — established his net worth at $19 billion the day before his wedding to Priscilla Chan. This meant Larson, who retired from the company in 2001, had to pay tens of millions in additional money to his soon-to-be ex-wife. And how important is this legal standard?

Microsoft 127