Slide 1: Q4 FY 2025 Conference Call
Q4 FY 2025 Conference Call NETSCOUT SYSTEMS, INC. May 8, 2025 ©2025 NETSCOUT 1
Slide 2: Agenda
Agenda Introduction Tony Piazza, Deputy Chief Financial Officer • Safe Harbor & Non-GAAP Metrics CEO Perspective Anil Singhal, President & Chief Executive Officer (CEO) • Summary Results, Business & Market Insights, FY’26 Commentary, Leadership Transition COO Update Michael Szabados, Chi
Slide 3: Safe Harbor
Safe Harbor Forward Looking Statements: Certain information provided in this presentation includes forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Se
Slide 4: Non-GAAP Financial Metrics
Non-GAAP Financial Metrics To supplement the financial measures presented in NETSCOUT's press release in accordance with accounting principles generally accepted in the United States (GAAP), NETSCOUT also reports the following non-GAAP measures: non-GAAP gross profit, non-GAAP income from operations
Slide 5: CEO Perspective
CEO Perspective Anil Singhal President and Chief Executive Officer
Slide 6: Q4 & FY'25 Non-GAAP Financial Results
Q4 & FY’25 Non-GAAP Financial Results Non-GAAP Q4 FY’24 Q4 FY’25 FY'24 FY'25 ($ in millions, except per share data) 3/31/2024 3/31/2025 3/31/2024 3/31/2025 Revenue $ 203.4 $ 205.0 $ 829.5 $ 822.7 Gross Margin 77.2% 79.2% 79.4% 80.0% Operating Margin 19.2% 23.1% 22.6% 23.7% EPS $ 0.55 $ 0.52 $ 2.20 $
Slide 7: Business and Market Insights
Business and Market Insights Service Assurance Cybersecurity 7
Slide 8: FY'26 Outlook & Summary
FY’26 Outlook & Summary Encouraged by the momentum in cybersecurity solutions and continuing to invest in product related AI and cybersecurity offerings Remain cautious given macro economic uncertainty and will maintain our disciplined approach to cost management and preservation of strong finan
Slide 9: Leadership Transition – COO and CFO
Leadership Transition – COO and CFO • Michael Szabados, Chief Operating Officer (COO) and Jean Bua, Chief Financial Officer (CFO) to retire, effective May 31, 2025 • Both will continue in advisory roles to support transition • Internal successors appointed: Deputy COO Sanjay Munshi, COO and Deputy C
Slide 10: COO Update
COO Update Michael Szabados Chief Operating Officer
Slide 11: COO Highlights
COO Highlights Customer Wins Service Assurance & Cybersecurity Go-To-Market Activities Industry Events 11
Slide 12: CFO Financial Review Q4 & FY'25 Results & FY'26 Outlook
CFO Financial Review Q4 & FY’25 Results & FY’26 Outlook Jean Bua Executive Vice President and Chief Financial Officer
Slide 13: Q4 & FY'25 Non-GAAP Financial Results
Q4 & FY’25 Non-GAAP Financial Results Q4 FY’24 Q4 FY’25 FY'24 FY'25 Non-GAAP Non-GAAP % Non-GAAP Non-GAAP % (in millions except EPS and % data) 3/31/2024 3/31/2025 Change 3/31/2024 3/31/2025 Change Revenue: Product $ 89.4 $ 89.5 0.1% $ 360.4 $ 359.9 -0.2% Service $ 114.0 $ 115.5 1.3% $ 469.0 $ 462.8
Slide 14: FY'25 Revenue Trends: Product Lines & Customer Verticals
FY’25 Revenue Trends: Product Lines & Customer Verticals Total Revenue by Product Line Total Revenue by Customer Vertical ($ in millions) ($ in millions) $829.5 $822.7 $829.5 $822.7 $271.8 $289.8 33% 35% $439.0 $471.7 53% 57% $557.6 $532.9 67% 65% $390.5 $351.0 47% 43% FY'24 FY'25 FY'24 FY'25 Servic
Slide 15: FY'25 Revenue Trends: Geographic Mix
FY’25 Revenue Trends: Geographic Mix FY’24 FY’25 3/31/24 3/31/25 FY’24 FY’25 Total Revenue $829.5 $822.7 United States $470.3 $465.5 8% 8% International $359.1 $357.2 57% 43% 17% 57% 43% 18% 19% 16% Europe $146.9 $156.7 Asia $65.4 $63.6 Rest of World $146.8 $136.9 United States International Europe
Slide 16: GAAP Balance Sheet & Free Cash Flow Review
GAAP Balance Sheet & Free Cash Flow Review (in millions) Q4 FY'25 Q1 FY’25 Q2 FY’25 Q3 FY’25 Q4 FY’25 FY’25 (Unaudited) 3/31/25 6/30/2024 9/30/2024 12/31/2024 3/31/2025 3/31/2025 Operating Cash Flow $ 38.3 $ (3.6) $ 41.5 $ 141.5 $ 217.7 Cash and Securities* $ 492.5 Purchase of Fixed Assets & Intangi
Slide 17: FY'26 Outlook
FY’26 Outlook Revenue FY’25 FY’26 Outlook Other FY’26 Outlook Assumptions $ millions GAAP & Non-GAAP GAAP & Non-GAAP Revenue $822.7 $825-$865 • Anticipate annual tax rate of approx. 20% • Anticipate approx. 74 million to 75 million EPS (Diluted) weighted average diluted shares outstanding FY’25 FY’2
Slide 18: Upcoming Investor Event
Upcoming Investor Event Date Event Location May 12, 2025 Needham Technology, Media, & Consumer Conference Virtual 18
Slide 19: Appendix
Appendix
Slide 20: Q4 & FY'25 Results
Q4 & FY’25 Results Q4 FY’24 Q4 FY’25 FY'24 FY'25 Q4 FY’24 Q4 FY’25 FY'24 FY'25 GAAP GAAP % GAAP GAAP % Non-GAAP Non-GAAP % Non-GAAP Non-GAAP % (in millions except EPS and % data) 3/31/2024 3/31/2025 Change 3/31/2024 3/31/2025 Change 3/31/2024 3/31/2025 Change 3/31/2024 3/31/2025 Change Revenue: Prod
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation: Q4’FY25, Q4’FY24, Q3’FY25, FY’25, & FY’24 Gross Profit, Income (loss) from Operations and Net Income (loss) 21
Slide 22: GAAP to Non-GAAP Reconciliation Itemization
GAAP to Non-GAAP Reconciliation: Q4’FY25, Q4’FY24, Q3’FY25, FY’25, & FY’24 Itemization 22
Slide 23: FY'26 Financial Outlook: GAAP to Non-GAAP Reconciliation
FY’26 Financial Outlook: GAAP to Non-GAAP Reconciliation 23
Slide 24: Thank You
Thank You