ANNUAL REPORT 2015 ANNUAL REPORT F5 （年度报告2015年度报告F5）.pdf

ANNUAL REPORT 2015 ANNUAL REPORT 2015 TO OUR SHAREHOLDERS, CUSTOMERS, AND PARTNERS: F5 achieved a year of solid growth and profitability in fiscal 2015. 1. Revenue growth: F5’s revenue was $1.92 billion for the year, up 11 percent from fiscal 2014. In comparison, it took us 15 years to get to $1 billion in sales. A mere four years later, in Q4 of fiscal 2015, we exited the year at $501 million in quarterly sales, putting us at a $2 billion run-rate. 2. Solid profitability: We achieved record non-GAAP profits of $6.62 per share, equaling 22 percent year-over-year growth. We added 344 employees in fiscal 2015, reaching a total of over 4,100 employees worldwide, while maintaining non-GAAP operating margins above 37 percent. 3. Strong balance sheet: Cash flow from operations was $685 million, and after repurchasing approximately $607 million shares of our common stock, we ended the year with $1.2 billion in cash and investments. In addition, our deferred revenue, which consists primarily of service maintenance contracts, grew to more than $783 million, to deliver a healthy revenue stream in the quarters to come. Moreover, we closed the fiscal year with zero debt. Our results in fiscal 2015 were driven by ongoing customer demand for application delivery services. As the development and use of applications grows, our customers have come to increasingly rely on F5 products and services to deliver fast, secure, and reliable applications to anyone, anywhere, at any time. The overwhelming majority of our customers are operating in, or planning to deploy, applications in a hybrid environment. They want to run their applications where they run best, including on-premises private data centers and off-premises public clouds. With the latest releases of BIG-IQ in January 2015 and BIG-IP in