F5 to acquire computer networking startup Lilac Cloud

Seattle application security and delivery giant F5 will acquire Lilac Cloud, a small computer networking startup based in Silicon Valley. F5 made the announcement as part of its quarterly earnings report Tuesday. Its Q1 revenue grew 2% year-over-year to $700 million, while non-GAAP net income dropped to $2.47 per share, compared to $2.89 per share in the year-ago quarter. F5 stock was down slightly in after-hours trading.

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