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Sep 30, 2020
NetScout Q2 2021 Earnings Report
Delivered solid earnings per share growth.
Key Takeaways
NETSCOUT reported total revenue of $205.3 million for Q2 FY21, compared to $216.4 million in the same quarter last year. The company's non-GAAP net income was $28.2 million, or $0.38 per share (diluted), compared to $21.4 million, or $0.28 per share (diluted) for the second quarter of fiscal year 2020.
Delivered solid earnings per share growth in the second quarter of fiscal year 2021, compared with the same period last year.
Business and operations have proven to be largely resilient as we navigate the global pandemic and macroeconomic uncertainty.
Long-term market trends in our favor, such as, digital transformation, cloud migration, increased cyber threats, and 5G networks.
Well-positioned as “Guardians of the Connected World” when we emerge from this global crisis.
NetScout
NetScout
NetScout Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
For fiscal year 2021, NETSCOUT expects revenue (GAAP and non-GAAP) to decline in the mid-to -upper single digits, on a percentage basis, compared with fiscal year 2020.
Challenges Ahead
- Revenue (GAAP and non-GAAP) to decline in the mid-to -upper single digits, on a percentage basis, compared with fiscal year 2020.
- Outlook is due to the COVID-19 global pandemic
- Resulting challenging macro-economic environment causing elongated purchasing cycles.
Revenue & Expenses
Visualization of income flow from segment revenue to net income