NETSCOUT Reports First Quarter Fiscal Year 2020 Financial Results

▤ Summary

“We delivered first-quarter earnings per share performance in-line with our expectations on lower- than-expected revenue as we continued to closely manage our cost structure,” stated Anil Singhal, NETSCOUT’s president and chief executive officer. It should be noted that NETSCOUT’s first quarter fiscal year 2019 loss from operations (GAAP) included a non-cash intangible asset impairment charge of $35.9 million related to its handheld tools business which was divested in September 2018. Arbor security solutions protect against DDoS attacks that threaten availability and advanced threats that infiltrate networks to steal critical business assets. Such factors include slowdowns or downturns in economic conditions generally and in the market for advanced network, service assurance and cybersecurity solutions specifically; the volatile foreign exchange environment; the Company’s relationships with strategic partners and resellers; dependence upon broad-based acceptance of the Company’s network performance management solutions; the presence of competitors with greater financial resources than we have, and their strategic response to our products; our ability to retain key executives and employees; the Company’s ability to realize the anticipated savings from recent restructuring actions and other expense management programs; lower than expected demand for the Company’s products and services; and the timing and magnitude of stock buyback activity based on market conditions, corporate considerations, debt agreements, and regulatory requirements. For a more detailed description of the risk factors associated with the Company, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2019, which is on file with the Securities and Exchange Commission.

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NETSCOUT

$500M to $1B