NETSCOUT Reports First Quarter Fiscal Year 2020 Financial Results

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Netscout Systems (NTCT) Reports In-Line Q1 EPS, Revenues Miss; Provides FY20 EPS/Revenue Outlook

August 1, 2019 7:44 AM EDT

Netscout Systems (NASDAQ: NTCT) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $186 million versus the consensus estimate of $197.08 million.

We delivered first-quarter earnings per share performance in-line with our expectations on lower- than-expected revenue as we continued to closely manage our cost structure, stated Anil Singhal, NETSCOUTs president and chief executive officer. While we continue to see constrained spending and elongated purchasing cycles... More