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F5 Networks Leads the Industry with its No. 1 Market Share Position for Layer 4-7 Ethernet Fixed Switches

Broad market adoption of F5's BIG-IP v9 product fuels F5's unmatched revenue and market share growth in the Layer 4-7 Fixed and Total Ethernet Switch Markets
F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Traffic Management, announced today that it has extended its No. 1 market share lead for the Layer 4-7 (L4-7) Fixed1 Ethernet Switch market. In the first calendar quarter of 2005, the BIG-IP product's market share jumped nearly four percent over the previous quarter, from 40.2% to 44.1%, according to the latest Dell'Oro Group Report2. F5's BIG-IP product has continued to achieve record revenue growth and the highest market share of any product in the L4-7 Fixed Switch market.

In the first quarter of 2005, F5's BIG-IP product revenue jumped 22.4% over the previous quarter (CYQ4 2004). Furthermore, from CYQ1 2004 to CYQ1 2005, F5's market share increased nearly 12% in the Total3 L4-7 Switch market.

"Our aggressive market share growth reflects broad customer awareness and adoption of F5's BIG-IP v9 product," said Erik Giesa, Vice-President of Product Management and Marketing at F5 Networks. "F5 introduced its next generation BIG-IP product running on the Traffic Management Operating System (TM/OS) last September and the market has quickly recognized the compelling ROI, outstanding performance, and extensive functionality delivered by this solution."

1 Layer 4-7 Fixed Server Load Balancing (SLB) definition: Switches specially designed to switch network or Internet traffic optimally between a group of servers and must load balance traffic based on L4/L7 information (e.g. TCP port, URL, Cookie). Load balancing functionality must be native to the switch.

2 Source: Dell'Oro Group CY Q1 2005 Market Share Report (Layer 4-7) Switched Ethernet Server Load Balancing Report, May 16, 2005.

3 Dell'Oro includes Modular and Fixed switches in its definition of the 'Total' Switch Ethernet L4-7 Server Load Balancing market.

About F5 Networks

F5 enables organizations to successfully deliver business-critical applications and gives them the greatest level of agility to stay ahead of growing business demands. As the pioneer and global leader in Application Traffic Management, F5 continues to lead the industry by driving more intelligence into the network to deliver advanced application agility. F5 products ensure the secure and optimized delivery of applications to any user - anywhere. Through its flexible and cohesive architecture, F5 delivers unmatched value by dramatically improving the way organizations serve their employees, customers and constituents, while lowering operational costs. Over 6,000 organizations and service providers worldwide trust F5 to keep their businesses 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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