NETSCOUT Reports Financial Results for Fourth Quarter and Full Fiscal Year 2019
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Netscout Systems (NTCT) Tops Q4 EPS by 5c, Revenues Miss; Affirms FY19 EPS Guidance Above Consensus, Offers FY19 Revenue Views
May 2, 2019 7:41 AM EDTNetscout Systems (NASDAQ: NTCT) reported Q4 EPS of $0.66, $0.05 better than the analyst estimate of $0.61. Revenue for the quarter came in at $235 million versus the consensus estimate of $240.81 million.
Our fourth-quarter fiscal year 2019 performance was fundamentally consistent with the preliminary results that we announced last month, stated Anil Singhal, NETSCOUTs president and CEO. Our fourth-quarter revenue was lower than planned primarily due to delayed revenue recognition on a large service assurance project at an international mobile operator. Nevertheless, we produced a good quarter in our enterprise customer segment with solid organic expansion due... More
