Business
NETSCOUT Reports Third Quarter Fiscal Year 2020 Financial Results
Company Exceeds its Third Quarter Revenue and EPS Expectations WESTFORD, Mass.--(BUSINESS WIRE)-- NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider
About this update from Netscout Systems, Inc.
[{"type":"text","content":"\nCompany Exceeds its Third Quarter Revenue and EPS Expectations\n\n WESTFORD, Mass.--(BUSINESS WIRE)--\nNETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of service assurance, security, and business analytics, today announced financial results for its third quarter fiscal year 2020 ended December 31, 2019.\n\n\n“We delivered strong third-quarter results with both revenue and earnings per share performance exceeding the high-end of our expectations,” stated Anil Singhal, NETSCOUT’s president and chief executive officer. “Our performance included solid revenue growth in both our service provider and enterprise verticals. We also continued to see strong adoption of our software solutions, which contributed to higher profitability and strong earnings per share performance in the quarter.”\n\n\nCommenting on the Company’s plans and outlook for the remainder of fiscal year 2020, Singhal said, “With one quarter remaining, we are narrowing our revenue guidance range to $900 million to $910 million and increasing our non-GAAP earnings per share guidance range, by $0.06, to $1.51 to $1.56, due primarily to benefits associated with the clarification of tax reform legislation. These ranges reflect a low-single-digit revenue growth rate and a high-single to low-teens non-GAAP earnings per share growth rate as compared with our prior fiscal year’s performance, excluding the divested HNT tools business.”\n\n\n\n\nNotable developments and highlights:\n\n\n\nNETSCOUT plans to showcase its 5G service assurance capabilities at Mobile World Congress in Barcelona, Spain in late February, highlight its market leading DDoS and other security solutions at the RSA Conference in San Francisco, CA in late February, and hold its annual Engage Technology and User Summit from April 27th to May 1st in Hollywood, FL. More information on each of these events can be found at https://www.netscout.com/events.\n\n\nIn January, NETSCOUT announced Arbor Sightline with Sentinel to deliver the next generation of DDoS visibility and protection for service providers and large enterprises. Combining core ARBOR NETWORKS™ and NETSCOUT™ Layer 7 technologies with intelligent analytics, machine learning, and automation, Sightline with Sentinel integrates network infrastructure defense functions into an orchestrated capability that delivers unparalleled protection for ...