Non-GAAP net income for the fourth quarter of fiscal year 2024 was $217 million, or $3.67 per diluted share, compared to $209 million, or $3.50 per diluted share, in the fourth quarter of fiscal year 2023. Stock-based compensation consists of expense for stock options, restricted stock, and employee stock purchases through the Company’s Employee Stock Purchase Plan. Fourth quarter fiscal year 2024 revenue totaled $747 million, compared with $707 million in the fourth quarter of fiscal year 2023. GAAP gross profit for the fourth quarter of fiscal year 2024 was $603 million, representing GAAP gross margin of 80.8%.
- Non-GAAP net income for the fourth quarter of fiscal year 2024 was $217 million, or $3.67 per diluted share, compared to $209 million, or $3.50 per diluted share, in the fourth quarter of fiscal year 2023.
- Management believes that non-GAAP net income per share provides useful supplemental information to management and investors regarding the performance of the Company’s core business operations and facilitates comparisons to the Company’s historical operating results.
- F5 also announced today that its Board of Directors has authorized an additional $1 billion for its common stock repurchase program.
- For fiscal year 2025, F5 expects to deliver total revenue growth of 4% to 5%, and non-GAAP earnings per share growth of 5% to 7% over fiscal year 2024.
- F5 excludes acquisition-related charges from its non-GAAP financial measures to provide a useful comparison of the Company’s operating results to prior periods and to its peer companies.
- Non-GAAP operating profit for the period was $257 million, representing non-GAAP operating margin of 34.4%.
- 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.
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This compares with GAAP operating profit of $473 million in the year-ago period, which represented GAAP operating margin of 16.8%. Non-GAAP operating profit for the period was $946 million, https://www.bookstime.com/ representing non-GAAP operating margin of 33.6%. This compares to non-GAAP operating profit of $850 million in the year-ago period, which represented non-GAAP operating margin of 30.2%. Fiscal year 2024 revenue totaled $2.82 billion, compared with $2.81 billion in fiscal year 2023. GAAP gross profit for the fiscal year 2024 was $2.26 billion, representing GAAP gross margin of 80.2%.
- Non-GAAP gross profit for the fourth quarter of fiscal year 2024 was $619 million, representing non-GAAP gross margin of 83.0%.
- This compares with GAAP gross profit of $566 million in the year-ago period, which represented GAAP gross margin of 80.1%.
- On a non-recurring basis, when certain events or circumstances are present, management may also be required to write down the carrying value of its purchased intangible assets and recognize impairment charges.
- This compares with non-GAAP gross profit of $2.29 billion in the year-ago period, which represented non-GAAP gross margin of 81.5%.
- This compares with GAAP operating profit of $473 million in the year-ago period, which represented GAAP operating margin of 16.8%.
- This compares with GAAP gross profit of $2.22 billion in the year-ago period, which represented GAAP gross margin of 78.9%.
- Non-GAAP operating profit for the period was $946 million, representing non-GAAP operating margin of 33.6%.
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GAAP net income for fiscal year 2024 was $567 million, or $9.55 per diluted share compared to $395 million, or $6.55 per diluted share, in fiscal year 2023. Non-GAAP net income for fiscal year 2024 was $794 million, or $13.37 per diluted share, compared to $705 million, or $11.70 per diluted share, in fiscal year 2023. For the first quarter of fiscal year 2025, F5 expects to deliver revenue in the range of $705 million to $725 million, with non-GAAP earnings in the range of $3.29 to $3.41 per diluted share. GAAP operating profit for fiscal year 2024 was $659 million, representing GAAP operating margin of 23.4%.
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This compares with GAAP gross profit of $2.22 billion in the year-ago period, which represented GAAP gross margin of 78.9%. Non-GAAP gross profit for fiscal year 2024 was $2.33 billion, representing non-GAAP gross margin of 82.8%. This compares with non-GAAP gross profit of $2.29 bookkeeping seattle billion in the year-ago period, which represented non-GAAP gross margin of 81.5%. A reconciliation of GAAP to non-GAAP measures is included in the attached Consolidated Income Statements.
This compares with GAAP gross profit of $566 million in the year-ago period, which represented GAAP gross margin of 80.1%. Non-GAAP gross profit for the fourth quarter of fiscal year 2024 was $619 million, representing non-GAAP gross margin of 83.0%. This compares with non-GAAP gross profit of $585 million in the year-ago period, which represented non-GAAP gross margin of 82.7%. GAAP operating profit for the fourth quarter was $191 million, representing GAAP operating margin of 25.6%.
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F5 believes that presenting its non-GAAP measures of earnings and earnings per share provides investors with an additional tool for evaluating contra asset account the performance of the Company’s core business and is used by management in its own evaluation of the Company’s performance. Investors are encouraged to look at GAAP results as the best measure of financial performance. 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. Purchased intangible assets are amortized over their estimated useful lives, and generally cannot be changed or influenced by management after the acquisition. On a non-recurring basis, when certain events or circumstances are present, management may also be required to write down the carrying value of its purchased intangible assets and recognize impairment charges.