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F5 Networks Listed Among 100 Fastest Growing Technology Companies

Citing strong revenue and earnings, Business 2.0 magazine recognizes F5 on annual list of industry growth leaders

F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Delivery Networking, today announced it has earned a No.18 ranking on Business 2.0 magazine's Top 100 Fastest-Growing Tech Companies for 2005. In addition to the overall placement, F5 also secured the No. 3 spot for companies in Washington State, with annualized earnings growth of 212 percent over a three year period.

The list, abbreviated as the B2 100, will appear in Business 2.0's June 2006 issue. An article accompanying the list pronounces that "Tech is back," citing increased hiring in addition to improved revenue and stock performance trends among technology companies. Listed companies were responsible for over 70,000 hires in 2005, with F5 achieving a No. 26 ranking in the magazine's Job Growth index and recording a headcount increase of 29.2 percent.

"We are extremely proud of the company's growth in recent years," said Andy Reinland, SVP and Chief Finance Officer at F5. "Business 2.0's recognition of F5 is a testament to our quality staff, strategic vision and our solid track record for executing in a very competitive market."

This marks the fourth year that the B2 100 has been compiled. To be considered, a company must have three years of trading on a major U.S. stock exchange, at least $50 million in annual revenue, and positive cash flow during the most recently reported 12-month period. Companies meeting the criteria were ranked by Business 2.0 editors and Zacks Investment Research of Chicago, with the evaluators using a combination of four financial criteria to establish placement: growth in revenue, profit, and operating cash flow during the past three years, and 12-month stock return. Cash flow growth represented 40 percent of a company's rank, with each of the other criteria counting for 20 percent.

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

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

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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.