secwatch.observer — SEC 8-K summary
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Issuer:     NETSCOUT SYSTEMS INC (NTCT)
CIK:        0001078075
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001157523-23-001168
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078075/000115752323001168/0001157523-23-001168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078075/000115752323001168/a53482200.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001168

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