---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001619"
form_type: "8-K"
ticker: "NTCT"
cik: "0001078075"
company_name: "NETSCOUT SYSTEMS INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:19:23.744050+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NetScout Q2 revenue down 13.7% to $196.8M; FY2024 guidance lowered on slowing order conversion

## Summary
- Q2 revenue $196.8M vs $228.1M YoY; product revenue fell 28% to $80.5M, service revenue flat at $116.3M.
- GAAP EPS $0.29 vs $0.24; non-GAAP EPS $0.61 vs $0.57; operating margins improved despite lower revenue.
- FY2024 revenue guidance cut to $840-860M from $915-945M; non-GAAP EPS guided $2.00-2.20 from $2.20-2.32.
- CEO cites industry headwinds and slowing order conversion late in Q2; expects persistence into H2; cost actions taken.
- Repurchased 1.1M shares for $31.2M; cash and securities $332.6M, $100M drawn on $800M revolver.

## SEC filing metadata
- accession: 0001157523-23-001619
- form_type: 8-K
- ticker: NTCT
- cik: 0001078075
- company_name: NETSCOUT SYSTEMS INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/0001157523-23-001619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/a53730548.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001619
- JSON: https://secwatch.observer/filing/0001157523-23-001619.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001619.txt

## Key facts
- Earnings Releases
  NETSCOUT SYSTEMS INC reported second quarter of fiscal year 2024 ended September 30, 2023 results: revenue $196.8 million, net income $21.5 million, or $0.29 per share (diluted), EPS $0.29 per share (diluted).
  - Period: second quarter of fiscal year 2024 ended September 30, 2023
  - Revenue: $196.8 million
  - Net income: $21.5 million, or $0.29 per share (diluted)
  - EPS: $0.29 per share (diluted)
  - Result: reported results
  source text: Total revenue (GAAP and non-GAAP) for the second quarter of fiscal year 2024 was $196.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1078075/000115752323001619/0001157523-23-001619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.