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TheStreet Open House

Netscout Systems Reports Financial Results For Second Quarter Fiscal Year 2013

NetScout Systems, Inc. (NASDAQ: NTCT):

    Q2 FY 2013
GAAP     Non-GAAP
Revenue $84.5 million     $84.7 million
Net income $9.9 million $14.4 million
Net Income per share     $0.23     $0.34

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

“We had good second quarter results, with strong bookings driving year-over-year non-GAAP revenue growth of 17%. Overall, we made good progress with the first half of fiscal year 2013 with total new business bookings up 15% over last year, despite the current global economic headwinds,” said Anil Singhal, President and CEO of NetScout Systems. “We are on track with product development and enhancements to our product suite in support of our Unified Service Delivery Management strategy. We continue to win significant new projects in the service provider space as wireless carriers continue to adopt our market leading IP solutions to help them manage the delivery of critical services over next generation architectures. We are progressing according to plan with the integration of technologies we acquired from Accanto Systems in our quest to provide our customers with a complete solution supporting legacy voice, Voice over IP and next generation VoLTE network environments.” In addition, said Mr. Singhal, “Based on our solid first half results, we are reaffirming our annual revenue guidance and raising the low end of EPS guidance for fiscal year 2013.”

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