Netscout Systems (NTCT) Reports In-Line Q1 EPS

Netscout Systems (NASDAQ: NTCT) reported Q1 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $228.8 million versus the consensus estimate of $225.32 million.

Guidance:

NETSCOUT is updating its fiscal year 2018 earnings guidance, previously issued in May 2017, to reflect the impact of its year-to-date stock repurchase activity and updated assumptions regarding certain items that are excluded from its non-GAAP results:

NETSCOUT outlook for fiscal year 2018 revenue is unchanged. The Company’s fiscal year 2018 GAAP revenue is still expected to grow over fiscal year 2017, on a percentage basis, in the low single-digit range. The Company also continues to expect that fiscal year 2018 non-GAAP revenue will be relatively flat compared with fiscal year 2017 with approximately 60 percent of fiscal year 2018 non-GAAP revenue expected in the second half of the year.
Assuming a weighted average of approximately 90.6 million shares outstanding (diluted) for fiscal year 2018, NETSCOUT now expects that fiscal year 2018’s GAAP net income per share (diluted) growth over fiscal year 2017, on a percentage basis, will be in the range of approximately 110 percent to approximately 155 percent. This compares with the original fiscal year 2018 GAAP net income per share (diluted) guidance for growth in the range of approximately 110 percent to approximately 160 percent over fiscal year 2017. Taking into account the updated weighted average shares outstanding (diluted) and assumptions for certain other items, non-GAAP net income per share (diluted) growth for fiscal year 2018 over fiscal year 2017 is now expected to be, on a percentage basis, in the high single-digit to low double-digit range. This compares with original non-GAAP net income per share (diluted) guidance that ranged from mid-single to high-single digit growth.
A reconciliation between GAAP and non-GAAP revenue and net income per share (diluted) for NETSCOUT’s guidance is included in the attached financial tables.

For earnings history and earnings-related data on Netscout Systems (NTCT) click here.

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