earnings
confidence high
sentiment positive
materiality 0.75
NetScout Q3 revenue $262.2M (+14.6% YoY); non-GAAP EPS $0.89 beats; FY22 guidance raised
NETSCOUT SYSTEMS INC
2022-Q3 EPS reported
$0.59
revenue$664,384,000
- GAAP net income $47.7M ($0.64 diluted) vs $29.0M ($0.39) a year ago; non-GAAP EPS $0.89 vs $0.66.
- Total revenue $262.2M; product revenue $144.4M (55% of total), service revenue $117.8M.
- Non-GAAP EBITDA from ops $92.6M (35.3% margin) vs $70.9M (31.0%) in Q3 FY21.
- FY2022 guidance raised: GAAP revenue $850-855M (midpoint up); non-GAAP EPS $1.75-$1.78.
- Cash and securities $553.5M; $350M drawn on $800M revolver; $11M in share repurchases during Q3.