earnings
confidence high
sentiment positive
materiality 0.65
NetScout Q1 FY2022 revenue up 3.5% to $190.3M; non-GAAP EPS $0.20 beats year-ago $0.17
NETSCOUT SYSTEMS INC
2022-Q1 EPS reported
-$0.15
revenue$190,272,000
- Total revenue $190.3M vs $183.8M YoY; product revenue $82.0M (+14.4%) offset service decline to $108.3M.
- GAAP net loss narrowed to $11.3M ($0.15 loss per share) from $17.4M ($0.24 loss) YoY.
- Non-GAAP net income $15.0M ($0.20 diluted EPS) vs $12.2M ($0.17) YoY; non-GAAP operating margin 11.4%.
- Reaffirmed FY2022 revenue guidance $835M-$865M and non-GAAP EPS $1.71-$1.77; GAAP EPS guide cut to $0.36-$0.42 from $0.44-$0.50.
- Amended $800M credit facility, extending maturity to July 2026 and lowering financing cost; $350M drawn at quarter end.