secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000725
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000115752323000725/0001157523-23-000725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000115752323000725/a53392909.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000725

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer