NETSCOUT reported first quarter fiscal year 2021 financial results, with strong earnings per share growth on relatively consistent revenue compared to the same period last year.
Total revenue was $183.8 million, compared to $186.0 million in the same quarter one year ago.
Product revenue was $71.7 million, approximately 39% of total revenue.
Service revenue was $112.1 million, approximately 61% of total revenue.
Net loss was $17.4 million, or $0.24 per share (diluted), versus net loss of $29.3 million, or $0.38 per share, for the first quarter of fiscal year 2020.
Given the continuing COVID-19 situation, the Company will defer providing fiscal year 2021 guidance until there is greater visibility on the duration, magnitude, and effects of the COVID-19 global pandemic.
Visualization of income flow from segment revenue to net income