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F5 Cited as One of the Top 100 Fastest Growing Tech Companies

F5 claims No. 9 position in Business 2.0 Magazine's list of fastest growing technology companies in the U.S. for 2006
F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Delivery Networking, today announced that it has taken the No. 9 position in Business 2.0 Magazine's 100 Fastest Growing Tech Companies (B2 100) for 2006. F5 improved upon its ranking of No. 18 in 2005, based upon the company's strong revenue and earnings growth for the year. F5 is also the highest ranked of four companies headquartered in Washington State.

According to Business 2.0 Magazine, the companies in the B2 100 saw another year of tremendous growth, with sales growing by 33 percent and profit by 90 percent-a performance that was amply rewarded on Wall Street as investors drove their shares up by 32 percent. A complete list of the B2 100 appears in the June 2007 issue of Business 2.0 Magazine.

"We are proud of the growth our company has been able to accomplish over the past year, and that we have again earned inclusion on this noteworthy list," said John McAdam, President and CEO of F5. "Our strong and steady growth confirms our ability to continue to innovate and execute in a competitive market."

The B2 100 for 2006 was compiled by screening more than 2,000 tech companies that have been publicly traded on a U.S. stock exchange for at least three years, have a market capitalization of at least $50 million, and have had positive operating cash flow over the past 12 months. The resultant list is then ranked using four financial criteria: growth in revenue, profit, and operating cash flow during the past three years, and the 12-month stock return as of Dec. 31, 2006, with cash flow growth counting for 40 percent of a company's ranking, and each of the other criteria counting for 20 percent.

In addition to a printed listing in Business 2.0 Magazine, a complete list of the B2 100 can also be found here: http://money.cnn.com/magazines/business2/b2fastestgrowing/2007/full_list/index.html.

About Business 2.0 Magazine

Business 2.0 explores the new ways smart companies-and the people who lead them-are using strategy, technology, and innovation to succeed. The magazine is published by the FORTUNE Group at Time Inc., a Time Warner company. For more information, visit www.business2.com.

About F5 Networks

F5 Networks is the global leader in Application Delivery Networking. F5 provides solutions that make applications secure, fast and available for everyone, helping organizations get the most out of their investment. By adding intelligence and manageability into the network to offload applications, F5 optimizes applications and allows them to work faster and consume fewer resources. F5's extensible architecture intelligently integrates application optimization, protects the application and the network, and delivers application reliability-all on one universal platform. Over 10,000 organizations and service providers worldwide trust F5 to keep their applications running. The company is headquartered in Seattle, Washington with offices worldwide. For more information, go to www.f5.com.

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This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC.

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