NETSCOUT Reports Third Quarter Fiscal Year 2020 Financial Results
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Netscout Systems (NTCT) Tops Q3 EPS by 15c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, FY20 Revenue Mid-Point Guidance Above Consensus
January 30, 2020 7:38 AM ESTNetscout Systems (NASDAQ: NTCT) reported Q3 EPS of $0.73, $0.15 better than the analyst estimate of $0.58. Revenue for the quarter came in at $260 million versus the consensus estimate of $249.16 million.
We delivered strong third-quarter results with both revenue and earnings per share performance exceeding the high-end of our expectations, stated Anil Singhal, NETSCOUTs president and chief executive officer. Our performance included solid revenue growth in both our service provider and enterprise verticals. We also continued to see strong adoption of our software solutions, which contributed to higher profitability and strong... More
