However, while the GAAP results are more complete, the company provides investors these supplemental measures since, with reconciliation to GAAP, it may provide additional insight into the company’s operational performance and financial results. Replay Via Phone: (800) 585-8367 (US & Canada) or +1 (416) 621-4642 (outside of the U.S. and Canada) available January 7, 2021 through January 8, 2021. Foros acted as financial advisor to F5. Non-GAAP revenue excludes the impact of the purchase accounting write-down on Shape’s assumed deferred revenue. (415) 547-7054 In fiscal year 2019, F5 relocated its headquarters in Seattle, Washington, and recorded charges in connection with this facility exit as well as other non-recurring lease activity. F5 As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations. ‘My husband told me that my $1,400 stimulus check will be spent on aluminum siding on our home.’ What can I do. Small businesses to Fortune 100 companies and global Telco's are using Volterra to deploy and operate distributed applications through a consistent set of cloud services, end-to-end visibility, and control. F5 Networks, a leading company in the field of security and application delivery - whose Gold Unity Partner in Greece and Cyprus is Pylones Hellas - announced the completion of the acquisition of Volterra, a multi-cloud management specialist company, for $ 500 million. “I am incredibly excited to welcome Volterra to the F5 family and get to work bringing Edge 2.0—a key part of our Adaptive Applications vision—to customers,” said François Locoh-Donou, F5 President and CEO. Stock-based compensation. App-driven: Providing universal, "build once, deploy globally" app delivery. F5 believes that presenting its non-GAAP measures of earnings and earnings per share provides investors with an additional tool for evaluating the performance of the company’s core business and is used by management in its own evaluation of the company’s performance. The latest salvo in that contest is F5 Networks’ approximately $500 million acquisition of Volterra. App-driven. F5 is currently working through the accounting close process for the quarter ended December 31, 2020 and therefore an estimate of GAAP earnings, as well as a reconciliation of revenue, net income, and earnings per share on a GAAP to non-GAAP basis is not yet available. 2 F5 is currently working through the accounting close process for the quarter ended December 31, 2020 and therefore a reconciliation of revenue on a GAAP to non-GAAP basis is not yet available. Suzanne DuLong The company expects to provide this reconciliation for the quarter ended December 31, 2020 with its final results announcement, expected on January 26, 2021. Contact the source provider Comtex at editorial@comtex.com. "With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. F5’s AI technology for fraud and abuse protection—the primary line of cyberdefense for the majority of the largest banks, airlines, and federal agencies—will be made easily deployable by any enterprise. This measure of non-GAAP net income is adjusted by the amount of additional taxes or tax benefit that the company would accrue if it used non-GAAP results instead of GAAP results to calculate the company’s tax liability. (206) 272-7049 Facility-exit costs. These measures are generally based on the revenues of its products, services operations, and certain costs of those operations, such as cost of revenues, research and development, sales and marketing and general and administrative expenses. By Réza Malekzadeh, General Partner . All other product and company names herein may be trademarks of their respective owners. F5 Business Outlook Update. F5 SEATTLE-- (BUSINESS WIRE)--Jan 25, 2021-- F5 Networks (NASDAQ: FFIV), the leader in application security and delivery, today announced that it has completed the acquisition of Volterra, the first universal edge-as-a-service platform. r.gruening@f5.com In fiscal year 2019, F5 recorded impairment of capitalized software development costs reflecting strategy changes in certain product development initiatives. F5 Completes Acquisition of Volterra F5 Networks announced that it has completed the acquisition of Volterra, the first universal edge-as-a-service platform. Based on currently available information, the company estimates the following results for the quarter ended December 31, 2020. Volterra provides a platform for managing application deployments on IT platforms. The latest salvo in that contest is F5 Networks’ approximately $500 million acquisition of Volterra. Acquisition-related charges consist of planning, execution and integration costs incurred directly as a result of an acquisition.