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Mar 31, 2023
NetScout Q4 2023 Earnings Report
NetScout delivered a strong fourth quarter and full fiscal year 2023 performance.
Key Takeaways
NETSCOUT reported strong Q4 and full fiscal year results, with revenue growth and improved profitability. Total revenue for Q4 was $208.1 million, compared to $191.2 million in the same period last year. The company remains committed to balanced revenue growth and profitability for fiscal year 2024.
Total revenue for the fourth quarter of fiscal year 2023 was $208.1 million.
Product revenue for the fourth quarter of fiscal year 2023 was $91.3 million.
Service revenue for the fourth quarter of fiscal year 2023 was $116.8 million.
Net loss for the fourth quarter of fiscal year 2023 was $3.2 million, or a net loss of $0.05 per share (diluted).
NetScout
NetScout
NetScout Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
The Company’s financial outlook for fiscal year 2024 is anticipated to be as follows: Revenue (GAAP and non-GAAP) in the range of $915 million to $945 million. GAAP net income per share (diluted) in the range of $0.86 to $0.98. Non-GAAP net income per share (diluted) in the range of $2.20 to $2.32.
Positive Outlook
- Revenue (GAAP and non-GAAP) in the range of $915 million to $945 million.
- GAAP net income per share (diluted) in the range of $0.86 to $0.98.
- Non-GAAP net income per share (diluted) in the range of $2.20 to $2.32.
- The company expects to again grow revenue.
- The company expects to further improve our margins.
Challenges Ahead
- There is a dynamic macro-environment.
- The company does not provide specific details on expenses, which could impact profitability.
- The company is exposed to risks related to macroeconomic factors, foreign exchange environment, and liquidity concerns.
- Lower than expected demand for the Company’s products and services.
- The impacts of epidemics or pandemics such as COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income