Reuters: Technology News: F5 Networks revenue up 13 percent

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F5 Networks revenue up 13 percent Jan 23rd 2013, 21:20 Wed Jan 23, 2013 4:20pm EST (Reuters) - Network gear maker F5 Networks Inc (FFIV.O) reported higher first-quarter revenue on strong sales to U.S. telecom and enterprise customers. Net income rose to $69.5 million, or 88 cents per share, from $66.5 million, or 83 cents per share, a year earlier, F5 said on Wednesday. The company, which counts Cisco Systems Inc (CSCO.O), Juniper Networks Inc (JNPR.N) and Riverbed Technology Inc (RVBD.O) as rivals, earned $1.14 per share, excluding items. Revenue for the quarter rose 13 percent to $365.5 million. F5 shares were up about 4 percent at $103 in extended trading. They closed at $98.81 on the Nasdaq on Wednesday.

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