Netscout Systems (NASDAQ: NTCT) reported Q3 EPS of $0.45, $0.05 better than the analyst estimate of $0.40. Revenue for the quarter came in at $246.3 million versus the consensus estimate of $237.17 million.

“The combination of relatively strong revenue, savings from recent restructuring actions and ongoing efforts to control costs facilitated an EPS performance at the high end of our plans,” stated Anil Singhal, NETSCOUT’s president and CEO. “We were pleased to see that our efforts to expand our enterprise product portfolio are starting to yield tangible results while we also continued to make progress fortifying our incumbency with our service provider customers. As we move forward, we remain focused on key product, go-to-market and other operational initiatives that can help us elevate our value proposition, expand customer relationships and achieve our financial objectives in fiscal year 2019.”

GUIDANCE:

Netscout Systems sees FY2019 EPS of $1.30-$1.35, versus the consensus of $1.32. Netscout Systems sees FY2019 revenue of $925 million, versus the consensus of $933.76 million.

NETSCOUT’s fiscal year 2019 guidance, which was last provided in November 2018, has been updated to primarily reflect the Company’s results to date, the benefits associated with the recent restructuring actions, ongoing expense management initiatives and fourth-quarter fiscal year 2019 revenue plans.

• The Company’s fiscal year 2019 GAAP revenue is now expected to be around $923 million versus its prior November 2018 guidance that ranged from $923 million to $958 million. The Company’s fiscal year 2019 non-GAAP revenue is now expected to be around $925 million, compared with its November 2018 guidance that ranged from $925 million to $960 million.
• The Company’s fiscal year 2019 GAAP net loss per share (diluted) is now expected range from $0.96 to $0.89 versus its prior November 2018 guidance that ranged from $0.93 to $0.78. The Company’s fiscal year 2019 non-GAAP net income per share (diluted) performance is now expected to range from $1.30 to $1.35, compared with the November 2018 guidance range of $1.30 to $1.40.
• 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.