NETSCOUT cuts FY2024 revenue guidance 8%; cites slowing order conversion from industry headwinds

NETSCOUT SYSTEMS INC

2024-Q2 EPS reported $0.24 revenue$407,940,000

Preliminary Q2 revenue $195-197M; GAAP EPS $0.28-0.30, non-GAAP EPS $0.60-0.62.
FY2024 revenue outlook lowered to $840-860M from prior $915-945M.
Non-GAAP EPS outlook reduced to $2.00-2.20 from $2.20-2.32; GAAP EPS cut to $0.69-0.89.
Company blames delayed project funding from service provider capital spending pressures and macro weakness.
Management implementing discretionary cost actions to mitigate earnings impact.

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 0.95

NETSCOUT SYSTEMS INC reported second quarter ended September 30, 2023 results: revenue in the range of $195 million to $197 million, EPS GAAP net income per share (diluted) is expected to be in the range of $0.28 to $0.30 and non-GAAP net income per share (.

Period: second quarter ended September 30, 2023
Revenue: in the range of $195 million to $197 million
EPS: GAAP net income per share (diluted) is expected to be in the range of $0.28 to $0.30 and non-GAAP net income per share (
Result: preliminary results

Exact text from the filing

the completion of the Company’s quarter-end review process. Preliminary Second Quarter Fiscal Year 2024 Results: • Revenue (GAAP and non-GAAP) is expected to be in the range of $195 million to $197 million. • GAAP net income per share (diluted) is expected to be in the range of $0.28 to $0.30 and non- GAAP net income per share (diluted) is expected to be in the

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Source: SEC EDGAR

accession 0001193125-23-256954

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