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Jun 30, 2022
NetScout Q1 2023 Earnings Report
NetScout's Q1 2023 financial performance was strong, with revenue growth in service assurance and security driving improved earnings per share.
Key Takeaways
NETSCOUT reported strong top- and bottom-line performance in Q1 2023, driven by revenue growth in both service assurance and security business lines. The company remains confident in its underlying fundamentals and positioning despite macroeconomic headwinds.
Total revenue for Q1 FY23 was $208.8 million, compared to $190.3 million in the same quarter one year ago.
Product revenue for Q1 FY23 was $98.3 million, approximately 47% of total revenue.
Service revenue for Q1 FY23 was $110.6 million, approximately 53% of total revenue.
Net loss (GAAP) for Q1 FY23 was $7.1 million, or $0.10 per share (diluted), compared to a net loss of $11.3 million, or $0.15 per share (diluted), for Q1 FY22.
NetScout
NetScout
NetScout Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
NETSCOUT is reiterating its revenue outlook (GAAP and non-GAAP) as well as its non-GAAP diluted net income per share outlook for fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income