F5 Networks
Q2 2022 Earnings Call
Apr 26, 2022, 4:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon, and welcome to the F5, Inc. second quarter fiscal 2022 financial results conference call. [Operator instructions] Also, today's conference is being recorded. If anyone has any objection, please disconnect at this time.
I will now turn the call over to Ms. Suzanne DuLong. Ma'am, you may begin.
Suzanne DuLong -- Vice President, Investor Relations
Hello, and welcome. I am Suzanne DuLong, F5's vice president of investor relations. Francois Locoh-Donou, F5's president and CEO; and Frank Pelzer, F5's executive vice president and CFO, will be making prepared remarks on today's call. Other members of the F5 executive team are also on hand to answer questions during the Q&A session.
A copy of today's press release is available on our website at f5.com, where an archived version of today's call will be available through July 24, 2022. Today's live discussion is supported by slides, which are viewable on the webcast and will be posted to our IR site at the conclusion of today's discussion. To access a replay of today's call by phone, please dial 800-585-8367 or 416-621-4642 and use meeting ID 7769889. The telephonic replay will be available through midnight, Pacific Time, April 27, 2022.
Please note that F5 has no duty to update any information presented in this call. With that, I will turn the call over to Francois.
Francois Donou -- Chief Executive Officer
Thank you, Suzanne, and hello, everyone. Thank you for joining us today. As you all know, we entered our second quarter with some significant challenges that limited our ability to fulfill demand from our systems business. We are pleased to have delivered above the midpoint of our revenue guidance and at the upper end of our non-GAAP EPS guidance despite those challenges.
Importantly, we continued to deliver strong results on our software business with 40% year-over-year growth in the quarter, software represented the majority of our product revenue for the first time. Systems revenue declined 27% as a result of supply chain constraints and our global services revenue was flat year over year. Our second quarter reflected another in an ongoing trend where customers continued to rapidly grow and scale both their traditional and modern applications, while placing increased importance and focus on application security. This benefits F5 and translates to continued strong demand across our portfolio.