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F5 Networks Inc F2Q08 (Qtr End 3/31/08) Earnings Call Transcript

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2008-04-23 16:47:09.0

Tags: F5 Networks Inc.

Question-and-Answer Session

Operator

Thank you. (Operator Instructions) our first question comes from Troy Jensen.

Troy Jensen - Piper Jaffray

Hello can you guys hear me.

Mark Anderson

Yeah we can hear you Troy.

Troy Jensen - Piper Jaffray

Hey, congrats on the nice quarter gentleman.

Mark Anderson

Thank you.

Troy Jensen - Piper Jaffray

Hey, so a couple of questions quick. Andy I think the last time we spoke and you guys had stated publicly that you felt like a lot of the slow down or kind of decelerating growth had to do with you guys is kind of losing share, just the low end business not performance as well because you are pushing this up for modules. Just curious, the growth that you saw this quarter was it kind of evenly distribute across low and high end or do you think the low end bounces once the new products come up?

John McAdam

Yeah Troy it’s John here. No, we saw the trend actually much the same, in fact slightly increasing in the last quarter as well -- in other words, of 6400 product line obviously I am talking that BIG-IP and VIPRION of course. The 6400 product line growth was actually substantial and we saw another slight drop of in the entry level. So there is always some bad news in the entry level dropping off, but when we think the product refresh is like that, it actually becomes an opportunity. So, apart from Japan every geography saw a very significant in the high end.

Troy Jensen - Piper Jaffray

Okay and I mean the new products John, did you give a date or time frame?

John McAdam

We didn’t really give a date, but what I did say was it’s in customer beta test phase. So clearly it’s a technology where we are well accustomed to it and know so -- we feel good about that but we won’t get a date until it’s finished the customer test.

Troy Jensen - Piper Jaffray

Okay, that’s fine. A question on Acopia now. Speculation -- I just wondered if it passed you guys. Speculation is that a lot of the Acopia business is being used as load balancing. Like some of these firms are doing big data center consolidations and that it’s not being used as a file of virtualization once the consolidation is complete. Just -- I was wondering if you guys have any metrics for how the product’s being used or if you consider that topic, it would be great.

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