Netscout Systems (NASDAQ: NTCT) reported Q2 EPS of $0.25, $0.11 better than the analyst estimate of $0.14. Revenue for the quarter came in at $223.8 million versus the consensus estimate of $218.31 million.

“We made important strategic, operational and financial progress during the second quarter that we believe sets the stage for improved performance over the coming quarters,” stated Anil Singhal, NETSCOUT’s president and CEO. “During the second quarter, we took steps to recalibrate our spending by selling our handheld network test (HNT) tools business, and by restructuring and realigning resources across our global operations. At the same time, we have continued to fund our most promising growth opportunities spanning our service assurance and security product areas. We remain well positioned to expand the scope of our engagements with major service provider and enterprise customers.”

Commenting further on the Company’s outlook, Singhal concluded, “We have adjusted our fiscal year 2019 revenue guidance to primarily reflect the sale of the HNT tools business and a more modest second-half recovery in DDoS service provider revenue than we originally expected. We remain on track to achieve our original diluted non-GAAP EPS guidance range and have further refined these targets largely due to the anticipated cost savings associated with our recent restructuring actions.”

GUIDANCE:

Netscout Systems sees FY2019 EPS of $1.30-$1.40, versus the consensus of $1.25. Netscout Systems sees FY2019 revenue of $925-960 million, versus the consensus of $958.31 million.

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