F5 Networks Bets Big on AI & Cybersecurity—Can Its New AI Gateway Expand Its Market Share?

F5 Inc. reported robust financial performance for the second quarter of fiscal year 2025, highlighted by 7% total revenue growth year-over-year. This growth was largely driven by a substantial 12% increase in product revenue. Notably, system revenue surged 27%, underscoring strong demand as customers continued to refresh aging hardware and modernize data centers. However, software revenue remained flat compared to the previous year, reflecting the company’s smallest subscription renewal base of the year.