F5 Networks revenue up 13 percent

US-F5NETWORKS-RESULTS:F5 Networks revenue up 13 percent

(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.

(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das)

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