Brief: NetScout Systems Says Fiscal 2024 Revenue To Be In Range $840 Mln-$860 Mln

NetScout Systems

16/10/2023 22:45

Oct 16 (Reuters) - Netscout Systems Inc  NTCT.O :
    * FISCAL YEAR 2024 REVENUE (GAAP AND NON-GAAP) IS
ANTICIPATED TO
BE IN RANGE OF $840 MILLION TO $860 MILLION
    * FISCAL YEAR 2024 GAAP NET INCOME PER SHARE (DILUTED) IS
ANTICIPATED TO BE IN RANGE OF $0.69 TO $0.89
    * FISCAL YEAR 2024 NON-GAAP NET INCOME PER SHARE (DILUTED)
IS
ANTICIPATED TO BE IN RANGE OF $2.00 TO $2.20
    * Q2  REVENUE (GAAP AND NON-GAAP) IS EXPECTED TO BE IN RANGE
OF
$195 MILLION TO $197 MILLION.
    * Q2 GAAP NET INCOME PER SHARE (DILUTED) IS EXPECTED TO BE
IN
RANGE OF $0.28 TO $0.30
    * HAVE BEGUN TO TAKE SEVERAL ACTIONS TO MANAGE DISCRETIONARY
COSTS
AND ALIGN SPENDING WITH CURRENT ENVIRONMENT
    * Q2 NON-GAAP NET INCOME PER SHARE (DILUTED) IS EXPECTED TO
BE IN
RANGE OF $0.60 TO $0.62
    * NETSCOUT SYSTEMS-BEGAN TO EXPERIENCE SLOWING IN DEMAND
FLOW-THROUGH AS CUSTOMERS IMPLEMENTED HIGHER SPENDING SCRUTINY
AND DELAYED PROJECT FUNDING
    * Q2 EARNINGS PER SHARE VIEW $0.54, REVENUE VIEW $223.6
MILLION --
REFINITIV IBES DATA
    * FY2024 EARNINGS PER SHARE VIEW $2.26, REVENUE VIEW $926.3
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw3JMJlLa 
Further company coverage:  NTCT.O 

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