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NetScout Systems Reports Financial Results For First Quarter Fiscal Year 2013

Stocks in this article: NTCT

NetScout Systems, Inc. (NASDAQ: NTCT):

    Q1 FY 2013
GAAP     Non-GAAP
Revenue $76.4 million     $76.5 million
Net income $5.0 million $8.1 million
Net Income per share     $0.12     $0.19

NetScout Systems, Inc. (NASDAQ: NTCT), an industry leader for advanced application and service assurance solutions, today announced financial results for its first quarter of fiscal year 2013 ended June 30, 2012.

“We are pleased to start the new fiscal year with a solid quarter,” said Anil Singhal, President and CEO of NetScout Systems. “Revenue and EPS were at the high end of our first quarter guidance. Total bookings were up 27% year-over-year with strength across all of our vertical markets, and we maintained a significant backlog.”

“In addition, we are pleased to have announced today the acquisition of assets and technology from Accanto Systems, providing service assurance products for telecommunications service providers which enable carriers to monitor and manage the delivery of voice services over converged, next-generation telecom architectures. This technology is synergistic with our packet flow strategy and brings important voice service monitoring capabilities for legacy voice environments and for next generation network voice services, including Voice over IP (VoIP) and Voice over Long Term Evolution (VoLTE).”

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