earnings
confidence high
sentiment positive
materiality 0.75
NETSCOUT reports Q4 revenue down 10% YoY but full year up 3%; guides FY2023 growth and $150M ASR
NETSCOUT SYSTEMS INC
2022-FY EPS reported
$0.48
revenue$855,575,000
- Q4 FY2022 total revenue $191.2M (-10% YoY); GAAP net loss $7.3M ($0.10 diluted) vs income $11.4M.
- Full year FY2022 revenue $855.6M (+3% YoY); GAAP net income $37.0M ($0.49) vs $19.4M.
- FY2023 revenue guidance $895-925M (mid-to-high single-digit growth); non-GAAP EPS $1.97-$2.03.
- Plans $150M accelerated share repurchase in Q1 FY2023; new authorization for 25M shares.
- Will repay up to $150M of $350M revolver debt in Q1 FY2023 using cash balance.