earnings
confidence high
sentiment positive
materiality 0.70
NETSCOUT Q2 FY22 revenue $211.9M, GAAP EPS $0.11, non-GAAP EPS $0.47; reiterates guidance
NETSCOUT SYSTEMS INC
2022-Q2 EPS reported
-$0.05
revenue$402,190,000
- Total revenue $211.9M, up 3% YoY from $205.3M; product revenue $101.6M (+10% YoY), service revenue $110.3M (-3% YoY).
- GAAP net income $7.9M ($0.11 diluted EPS) vs net loss of $3.7M ($0.05 loss) a year ago; non-GAAP net income $35.3M ($0.47 diluted EPS) vs $28.2M ($0.38).
- Non-GAAP EBITDA from operations $53.0M (25.0% margin) vs $46.8M (22.8%) in Q2 FY21; GAAP operating margin improved to 5.7% from 1.8%.
- Repurchased 921,299 shares at avg $26.75 for $24.6M in Q2; cash and equivalents $475.8M vs $476.5M at year-end FY21.
- Outlook reaffirmed: FY22 revenue $835M-$865M, GAAP EPS $0.36-$0.42, non-GAAP EPS $1.71-$1.77.