Netscout Systems, Inc. (NTCT) Tops Q1 EPS by 9c; Guides In-Line
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Revenue Growth %: +3.3%
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Diluted net income per share: -0.01
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Netscout Systems, Inc. (NASDAQ: NTCT) reported Q1 EPS of $0.36, $0.09 better than the analyst estimate of $0.27. Revenue for the quarter came in at $107.9 million versus the consensus estimate of $96.8 million.
Netscout Systems, Inc. sees FY2015 EPS of $1.74-$1.81, versus the consensus of $1.78. Netscout Systems, Inc. sees FY2015 revenue of $450-465 million, versus the consensus of $456.97 million.
“Continuing our revenue growth performance of the past two fiscal years, NetScout delivered a strong beginning to our 2015 fiscal year,” said Anil Singhal, President and CEO of NetScout Systems. “We are executing well on our strategy, and our results reflect market acceptance of our solutions and value proposition. We are demonstrating that we can set and achieve ambitious operating goals and we are excited about our market positioning and growth prospects. This quarter, we saw very strong demand from our Service Provider customers as they are focusing on their 4G/LTE network rollouts and new LTE enabled services. Our new nGeniusONE platform is gaining mind share with key customers from varied industries as they realize the value of integrated network and application performance management functionality. We are pleased to reiterate our full year 2015 guidance with a revenue growth range of 13%-17% and an EPS growth range of 14%-18%,” added Anil Singhal.
For earnings history and earnings-related data on Netscout Systems, Inc. (NTCT) click here.
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