Loading...
•
Dec 31, 2019
NetScout Q3 2020 Earnings Report
Delivered strong results, exceeding third quarter revenue and EPS expectations.
Key Takeaways
NETSCOUT reported strong third-quarter results, with both revenue and earnings per share performance exceeding expectations. The company saw solid revenue growth in both service provider and enterprise verticals, with strong adoption of software solutions contributing to higher profitability and earnings per share.
Total revenue (GAAP) was $260.0 million, compared to $246.0 million in the same quarter last year.
Product revenue was $143.3 million, approximately 55% of total revenue.
Service revenue was $116.7 million, approximately 45% of total revenue.
Net income (GAAP) was $36.7 million, or $0.49 per share (diluted) versus net loss (GAAP) of $3.6 million, or $0.05 per share (diluted), for the third quarter of fiscal year 2019.
Revenue by Segment
Forward Guidance
NETSCOUT narrowed its revenue guidance range to $900 million to $910 million and increased its non-GAAP earnings per share guidance range to $1.51 to $1.56.
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
Loading earnings performance data...
Loading earnings reaction data...