secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001157523-22-001028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NetScout Q1 FY23 revenue $208.8M (+10% YoY); non-GAAP EPS $0.24 vs $0.20; FY23 outlook reaffirmed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000115752322001028/0001157523-22-001028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000115752322001028/a52800772.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001028

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