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Jun 30, 2023
NetScout Q1 2024 Earnings Report
Delivered solid financial performance and released next-generation technologies.
Key Takeaways
NETSCOUT delivered a solid financial performance in the first quarter of fiscal year 2024, with total revenue in-line with expectations and double-digit percentage improvement in diluted earnings per share year over year.
Total revenue for the first quarter of fiscal year 2024 was $211.1 million, compared to $208.8 million in the first quarter of fiscal year 2023.
Product revenue for the first quarter of fiscal year 2024 was $94.7 million, compared to $98.3 million in the first quarter of fiscal year 2023.
Service revenue for the first quarter of fiscal year 2024 was $116.5 million, compared to $110.6 million in the first quarter of fiscal year 2023.
Net loss for the first quarter of fiscal year 2024 was $4.2 million, or a net loss of $0.06 per share (diluted), versus a net loss of $7.1 million, or a net loss of $0.10 per share (diluted), for the first quarter of fiscal year 2023.
Revenue by Segment
Forward Guidance
NETSCOUT is reiterating its revenue and diluted net income per share outlook (GAAP and non-GAAP) for fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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