NetScout Systems Earnings: Here’s Why Investors are Excited Now
NetScout Systems Inc. (NASDAQ:NTCT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.18%.
NetScout Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.26% to $0.43 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Rose 9.66% to $98.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NetScout Systems Inc. reported adjusted EPS income of $0.43 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $97.43 million.
Quoting Management: “We are very pleased with our fiscal year 2013 results, which came in at the high end of both the revenue and the non-GAAP EPS guidance we provided one year ago,” said Anil Singhal, President and CEO of NetScout Systems. “Over the past two years, we have worked to reach our growth milestones passing both $300 million in revenue in FY ’12 and then $350 million in revenue in FY ‘13. This year, as our non-GAAP revenue guidance range of $385 million to $400 million indicates, we are approaching another revenue growth milestone for the Company.”
Key Stats (on next page)…