F5 Networks cuts FY23 revenue growth view to ‘low-single-digit’ from 9%-11%

The company states: "Given the persistent macro uncertainty and its impact on customer spending, we now expect low-to-mid single-digit revenue growth in fiscal year 2023 with non-GAAP operating margins of approximately 30% and non-GAAP earnings growth of 7% to 11%." The company previously backed FY23 view of double-digit non-GAAP earnings growth.