In tough economic times, F5 is the only iTCM vendor to experience consecutive quarterly growth in product revenue and market share in 2001, overtaking Nortel
AUGUST 22, 2001--F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of Internet Traffic and Content Management (iTCM) products, today announced that F5 has displaced Nortel Networks for the number two position in the Layer 4/7 Server Load Balancing Switch and Appliance market, according to the recent Dell’Oro Group Report1. In a challenging economy, F5 continues to perform as the only iTCM vendor that has grown every quarter in both product revenue and market share in 2001.
“F5’s steady success in the market is due to our continued focus on our customers and addressing their requirements with innovative iTCM solutions that enable them to lower their total cost of ownership for their network infrastructure,” said John McAdam, president and CEO of F5 Networks. “Our customers, large global enterprises and service providers, have not halted the deployment of their e-business initiatives, but rather they’re looking to F5 to help them execute on their vision in a smart, cost-effective manner. We’ve established a great reputation for executing on our promise of providing an integrated suite of products and support services that bring superior reliability, uptime and performance for mission-critical networks. And our market position based on revenue, second only to Cisco, is a powerful indicator of the market’s vote of confidence in F5’s complete solution.”
According to the Dell’Oro report, in the second quarter of 2001, sales of F5’s traffic management products represent 16.5% of the market, up from 13.9% the previous quarter. And, F5 has experienced two consecutive quarters of growth, attaining $21.3 million in revenue for the second quarter, while Cisco’s and other competitors’ product revenues have declined or remained flat over the last two quarters. The Dell’Oro Report measured market share based on revenue attainment for all the major Layer 4/7 server load balancing switch and appliance manufacturers. Additionally, in the Layer 4/7 server load balancing appliance market, F5 remains ranked number one, increasing its market share to 63 percent; widening the gap between all of the company’s competitors.
1 Source: Dell’Oro Group 2Q 2001 Ethernet (Layer 4–7) Switch & Appliances Report, August 15, 2001
About F5 Networks
F5 Networks is the leader in Internet Traffic and Content Management (iTCM), and delivers application aware networks through its open Internet Control Architecture. F5 features the industry’s leading set of integrated products and services that manage, control and optimise Internet traffic and content. Our solutions automatically and intelligently deliver the best possible Internet performance, availability and content distribution for service providers, enterprises and e-businesses. Our products remove bandwidth congestion and optimise the availability and speed of mission-critical Internet servers and applications, including web publishing, content delivery, e-commerce, caching, firewalls and more. Our solutions are widely deployed in large enterprises, the top service providers, financial institutions, government agencies, healthcare, and portals throughout the world. The company is headquartered in Seattle, Washington, and has offices throughout North America, Europe and Asia Pacific.
F5 Networks is located on the web at http://www.f5.com
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