NETSCOUT SYSTEMS INC engaged KPMG LLP as its auditor.
“(the “Company”), (i) dismissed PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm, and (ii) appointed KPMG LLP (“KPMG”) to serve as the Company’s new independent registered public accounting firm for the fiscal year ending March 31, 2027.”
Auditor Changes
NETSCOUT SYSTEMS INC dismissed PricewaterhouseCoopers LLP as its auditor.
“(the “Company”), (i) dismissed PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm, and (ii) appointed KPMG LLP (“KPMG”) to serve as the Company’s new independent registered public accounting firm for the fiscal year ending March 31, 2027.”
Earnings Releases
NETSCOUT SYSTEMS INC reported full fiscal year 2026 ended March 31, 2026 results: revenue 859.5 million, net income 95.5 million, EPS 1.30 per share (diluted).
“Total revenue for fiscal year 2026 was $859.5 million, up from $822.7 million in fiscal year 2025.”
Earnings Releases
NETSCOUT SYSTEMS INC reported fourth quarter of fiscal year 2026 ended March 31, 2026 results: revenue 203.0 million, net income 18.2 million, EPS 0.25 per share (diluted).
“Total revenue for the fourth quarter of fiscal year 2026 was $203.0 million, compared with $205.0 million for the fourth quarter of fiscal year 2025.”
Michael Szabados departed as Chief Operating Officer at NETSCOUT SYSTEMS INC.
“Also on May 5, 2025, Michael Szabados informed the Board of his intention to step down as Chief Operating Officer of the Company, effective as of the Effective Date, as he transitions toward retirement.”
Jean Bua departed as Chief Financial Officer at NETSCOUT SYSTEMS INC.
“On May 5, 2025, Jean Bua informed the Board of Directors (the “Board”) of the Company of her intention to step down as Chief Financial Officer of the Company, effective May 31, 2025”
Earnings Releases
NETSCOUT SYSTEMS INC reported financial results for the fourth fiscal quarter and the fiscal year 2024 each ended March 31, 2024.
“On May 9, 2024, NetScout Systems, Inc. (the “Company”) issued a press release regarding its financial results for the fourth fiscal quarter and the fiscal year 2024 each ended March 31, 2024”
Earnings Releases
NETSCOUT SYSTEMS INC reported full fiscal year 2024 results: revenue we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range, EPS non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range. Guidance lowered.
“we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range as we continue to navigate the current market environment. From a bottom-line standpoint, our GAAP results for the fiscal year will include a third quarter non-cash goodwill impairment charge. Our non-GAAP EPS performance is expected to be at the higher end of our previously disclosed range due to benefits from our ongoing cost containment actions.”
Earnings Releases
NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2023 ended December 31, 2022 results: revenue Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 mil.
“Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023.”
Earnings Releases
NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2024 ended December 31, 2023 results: net income On a non-GAAP basis, net income for the third quarter of fiscal year 2024 was $52.0 million, EPS $0.73 per share (diluted).
“Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2024 was $218.1 million, compared with $269.5 million (GAAP and non-GAAP) in the third quarter of fiscal year 2023.”
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).
“Total revenue (GAAP and non-GAAP) for the second quarter of fiscal year 2024 was $196.8 million”
Earnings Releases
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 (.
“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”
Shareholder Votes
NETSCOUT SYSTEMS INC shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2024-03-31 meeting.
“The Company’s stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2024.”
Shareholder Votes
NETSCOUT SYSTEMS INC shareholders approved Advisory vote to approve executive compensation.
“The Company’s stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.”
Shareholder Votes
NETSCOUT SYSTEMS INC shareholders approved Advisory vote on frequency of future stockholder advisory votes on executive compensation.
“The Company’s stockholders approved, on an advisory basis, holding future stockholder advisory votes on the compensation of the Company’s named executive officers every “one year.””
Shareholder Votes
NETSCOUT SYSTEMS INC shareholders approved Approval of the Amended 2019 Plan.
“The Company’s stockholders approved the Amended 2019 Plan.”
Shareholder Votes
NETSCOUT SYSTEMS INC shareholders approved Election of Joseph G. Hadzima, Jr., Christopher Perretta, and Michael Szabados as Class III directors.
“The Company’s stockholders elected each of Joseph G. Hadzima, Jr., Christopher Perretta, and Michael Szabados as Class III directors of the Company with each director to serve a three-year term until the Company’s 2026 annual meeting of stockholders.”
Earnings Releases
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.
“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”
Earnings Releases
NETSCOUT SYSTEMS INC reported fiscal year 2024 results: revenue in the range of $915 million to $945 million, EPS GAAP net income per share (diluted) in the range of $0.86 to $0.98. Guidance initiated.
“The Company’s financial outlook for fiscal year 2024 is anticipated to be as follows: Revenue (GAAP and non-GAAP) in the range of $915 million to $945 million. GAAP net income per share (diluted) in the range of $0.86 to $0.98.”
Earnings Releases
NETSCOUT SYSTEMS INC reported full fiscal year 2023 results: revenue $914.5 million, net income $59.6 million, EPS $0.82 per share (diluted).
“Total revenue (GAAP and non-GAAP) for the full fiscal year 2023, was $914.5 million, compared with total revenue (GAAP and non-GAAP) of $855.6 million in fiscal year 2022.”
Earnings Releases
NETSCOUT SYSTEMS INC reported fourth quarter of fiscal year 2023 results: revenue $208.1 million, net income $3.2 million, EPS net loss of $0.05 per share (diluted).
“Total revenue (GAAP and non-GAAP) for the fourth quarter of fiscal year 2023 was $208.1 million, compared with $191.2 million (GAAP and non-GAAP) in the fourth quarter of fiscal year 2022.”
Material Agreements
NETSCOUT SYSTEMS INC amended First Amendment to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at Amendment to replace LIBOR with Term SOFR plus credit spread adjustment of 0.10% (effective 2023-02-22).
“On February 22, 2023, NetScout Systems, Inc. (the “ Company ” or “ NetScout ”) entered into a First Amendment Agreement (the “ First Amendment ”) of its Second Amended and Restated Credit Agreement, dated as of July 27, 2021 (the “ Existing Credit Agreement ”; as amended by the First Amendment, the “ Amended Credit Agreement ”), by and among: the Company, as borrower; certain subsidiaries of the Company, as loan parties; the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.”
Earnings Releases
NETSCOUT SYSTEMS INC reported first nine months of fiscal year 2023 ended December 31, 2022 results: revenue $706.4 million, net income $62.9 million, EPS $0.86 per share (diluted). Guidance raised.
“Nine-Months FY23 Financial Results Total revenue (GAAP and non-GAAP) for the first nine months of fiscal year 2023, was $706.4 million, compared with total revenue (GAAP and non-GAAP) of $664.4 million in the first nine months of fiscal year 2022. A reconciliation of GAAP and non-GAAP results is included in the financial tables below. Product revenue (GAAP and non-GAAP) for the first nine months of fiscal year 2023 was $359.5 million, compared with $328.0 million in the first nine months of fiscal year 2022. Service revenue (GAAP and non-GAAP) for the first nine months of fiscal year 2023 was $346.9 million, compared with $336.4 million in the first nine months of fiscal year 2022. NETSCOUT’s income from operations (GAAP) for the first nine months of fiscal year 2023 was $76.0 million, compared with $57.0 million in the first nine months of fiscal year 2022. The Company’s operating margin (GAAP) for the first nine months of fiscal year 2023 was 10.8%, versus 8.6% in the first nine mont”
Earnings Releases
NETSCOUT SYSTEMS INC reported third quarter of fiscal year 2023 ended December 31, 2022 results: revenue $269.5 million, net income $52.6 million, EPS $0.72 per share (diluted). Guidance raised.
“Q3 FY23 Financial Results Total revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2023 was $269.5 million, compared with $262.2 million (GAAP and non-GAAP) in the third quarter of fiscal year 2022. A reconciliation of GAAP and non-GAAP results is included in the financial tables below. Product revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2023 was $149.5 million, or approximately 55% of total revenue in the period. This compares with product revenue (GAAP and non-GAAP) of $144.4 million in the third quarter of fiscal year 2022, which was approximately 55% of total revenue in the period. Service revenue (GAAP and non-GAAP) for the third quarter of fiscal year 2023 was $120.1 million, or approximately 45% of total revenue in the period. This compares with service revenue (GAAP and non-GAAP) of $117.8 million in the third quarter of fiscal year 2022, which was approximately 45% of total revenue for the period. NETSCOUT’s income from operations (GAAP) was”
Marlene Pelage was appointed as Director at NETSCOUT SYSTEMS INC.
“Marlene Pelage to serve as a Class II Director”
Shannon Nash was appointed as Director at NETSCOUT SYSTEMS INC.
“Shannon Nash to serve as a Class I Director”
Earnings Releases
NETSCOUT SYSTEMS INC reported second quarter of fiscal year 2023 ended September 30, 2022 results: revenue $228.1 million, net income $17.4 million, or $0.24 per share (diluted), EPS $0.24 per share (diluted).
“in our ability to help our customers navigate these challenges.” Q2 FY23 Financial Results Total revenue (GAAP and non-GAAP) for the second quarter of fiscal year 2023 was $228.1 million, compared with $211.9 million (GAAP and non-GAAP) in the second quarter of fiscal year 2022. A reconciliation of GAAP and non-GAAP results is included in the financial tables”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.