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Dec 31, 2022
NetScout Q3 2023 Earnings Report
Achieved solid financial performance and updated the FY23 financial outlook.
Key Takeaways
NETSCOUT reported solid financial results for Q3 2023, with strong service assurance performance driving higher sales, margins, and profitability year-over-year. The company is narrowing its revenue range and increasing its EPS ranges for fiscal year 2023.
Total revenue for the third quarter of fiscal year 2023 was $269.5 million, compared to $262.2 million in the third quarter of fiscal year 2022.
Product revenue was $149.5 million, representing approximately 55% of total revenue.
Service revenue was $120.1 million, accounting for approximately 45% of total revenue.
Net income for the third quarter of fiscal year 2023 was $52.6 million, or $0.72 per share (diluted), compared to $47.7 million, or $0.64 per share (diluted), in the third quarter of fiscal year 2022.
NetScout
NetScout
NetScout Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
NETSCOUT updated its outlook for fiscal year 2023, narrowing the revenue range and raising the ranges of its GAAP and non-GAAP net income per share (diluted) outlook.
Positive Outlook
- Revenue (GAAP and non-GAAP) is expected to be in the range of $905 million to $915 million.
- GAAP net income per share (diluted) is expected to be in the range of $0.71 to $0.75.
- Non-GAAP net income per share (diluted) is expected to be in the range of $2.06 to $2.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income