NetScout Q4 revenue $208.1M, non-GAAP EPS $0.38; FY2023 revenue $914.5M, guides FY24 rev $915-945M

NETSCOUT SYSTEMS INC

2023-FY EPS reported $0.82 revenue$914,530,000

Q4 total revenue $208.1M (+8.8% YoY); product rev $91.3M, service rev $116.8M.
Q4 GAAP net loss $3.2M ($0.05 loss/share) vs loss of $8.4M ($0.11) YoY; non-GAAP net income $27.2M ($0.38) vs $21.6M ($0.29).
Full FY2023 revenue $914.5M (+6.9% YoY); GAAP net income $59.6M ($0.82) vs $35.9M ($0.48); non-GAAP net income $159.6M ($2.18) vs $138.4M ($1.84).
FY2024 guidance: revenue $915-945M, GAAP EPS $0.86-0.98, non-GAAP EPS $2.20-2.32.
Repaid $100M revolver, ending debt $100M; repurchased 4.6M shares for $150M in FY23, none in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETSCOUT SYSTEMS INC reported full fiscal year 2023 results: revenue $914.5 million, net income $59.6 million, EPS $0.82 per share (diluted).

Period: full fiscal year 2023
Revenue: $914.5 million
Net income: $59.6 million
EPS: $0.82 per share (diluted)
Result: reported results

Exact text from the filing

Total revenue (GAAP and non-GAAP) for the full fiscal year 2023, was $914.5 million, compared with total revenue (GAAP and non-GAAP) of $855.6 million in fiscal year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETSCOUT SYSTEMS INC reported fourth quarter of fiscal year 2023 results: revenue $208.1 million, net income $3.2 million, EPS net loss of $0.05 per share (diluted).

Period: fourth quarter of fiscal year 2023
Revenue: $208.1 million
Net income: $3.2 million
EPS: net loss of $0.05 per share (diluted)
Result: reported results

Exact text from the filing

Total revenue (GAAP and non-GAAP) for the fourth quarter of fiscal year 2023 was $208.1 million, compared with $191.2 million (GAAP and non-GAAP) in the fourth quarter of fiscal year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETSCOUT SYSTEMS INC reported fiscal year 2024 results: revenue in the range of $915 million to $945 million, EPS GAAP net income per share (diluted) in the range of $0.86 to $0.98. Guidance initiated.

Period: fiscal year 2024
Revenue: in the range of $915 million to $945 million
EPS: GAAP net income per share (diluted) in the range of $0.86 to $0.98
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company’s financial outlook for fiscal year 2024 is anticipated to be as follows: Revenue (GAAP and non-GAAP) in the range of $915 million to $945 million. GAAP net income per share (diluted) in the range of $0.86 to $0.98.

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Source: SEC EDGAR

accession 0001157523-23-000725

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