NetScout Q1 FY2024 revenue $211.1M, non-GAAP EPS $0.31, reiterates FY2024 guidance

NETSCOUT SYSTEMS INC

2024-Q1 EPS reported -$0.06 revenue$211,138,000

Revenue $211.1M, up 1.1% YoY; product revenue $94.7M (down from $98.3M), service revenue $116.5M (up from $110.6M).
GAAP net loss $4.2M ($0.06 loss per share) vs loss $7.1M a year ago; non-GAAP net income $22.7M ($0.31 EPS) vs $18.1M ($0.24 EPS).
GAAP operating loss $4.7M improved from $9.1M; non-GAAP operating margin 14.0% vs 11.7%.
Product backlog fulfillable orders $12M, down from $39M a year ago.
Reiterates FY2024 guidance: revenue $915M-$945M, GAAP EPS $0.86-$0.98, non-GAAP EPS $2.20-$2.32.

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 0.9

NETSCOUT SYSTEMS INC reported first quarter of fiscal year 2024 ended June 30, 2023 results: revenue $211.1 million, net income Net loss (GAAP) for the first quarter of fiscal year 2024 was $4.2 million, EPS net loss of $0.06 per share (diluted). Guidance reaffirmed.

Period: first quarter of fiscal year 2024 ended June 30, 2023
Revenue: $211.1 million
Net income: Net loss (GAAP) for the first quarter of fiscal year 2024 was $4.2 million
EPS: net loss of $0.06 per share (diluted)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

outlook and remain focused on delivering long-term stakeholder value.” Q1 FY24 Financial Results Total revenue (GAAP and non-GAAP) for the first quarter of fiscal year 2024 was $211.1 million, compared with $208.8 million (GAAP and non-GAAP) in the first quarter of fiscal year 2023. A reconciliation of all GAAP and non-GAAP results are included in the financial

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Source: SEC EDGAR

accession 0001157523-23-001168

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