earnings
confidence high
sentiment positive
materiality 0.75
NetScout Q1 FY23 revenue $208.8M (+10% YoY); non-GAAP EPS $0.24 vs $0.20; FY23 outlook reaffirmed
NETSCOUT SYSTEMS INC
2023-Q1 EPS reported
-$0.10
revenue$208,812,000
- GAAP net loss of $0.10/diluted share vs net loss $0.15 last year; non-GAAP net income per share $0.24 vs $0.20.
- Product revenue $98.3M (47% of total), up 20% from $82.0M; service revenue $110.6M, up 2% from $108.3M.
- Non-GAAP EBITDA $29.8M (14.3% margin) vs $27.6M (14.5% margin) in prior year quarter.
- Repurchased $150M of stock under ASR and repaid $150M of revolver debt; cash & securities $374.6M, debt $200M on $800M facility.
- FY23 revenue guidance unchanged $895M–$925M; GAAP EPS lowered to $0.62–$0.68 on $1.8M restructuring charge; non-GAAP EPS reaffirmed $1.97–$2.03.