NetScout Systems, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 09, 2024 at 07:30 am
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NetScout Systems, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was USD 203.44 million compared to USD 208.09 million a year ago. Net loss was USD 32.42 million compared to USD 3.22 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to USD 0.05 a year ago.
For the full year, revenue was USD 829.46 million compared to USD 914.53 million a year ago. Net loss was USD 147.73 million compared to net income of USD 59.65 million a year ago. Basic loss per share from continuing operations was USD 2.07 compared to basic earnings per share from continuing operations of USD 0.83 a year ago. Diluted loss per share from continuing operations was USD 2.07 compared to diluted earnings per share from continuing operations of USD 0.82 a year ago.
NetScout Systems, Inc. provides service assurance and cybersecurity solutions. The Company's service assurance solutions are used by enterprises, including government agencies and service providers to optimize network performance, identify and resolve issues impacting application and service quality. Its cybersecurity solutions are used by enterprises and service providers to identify and mitigate distributed denial of service (DDoS) attacks, as well as assist enterprise security teams in identifying, isolating, investigating, and resolving other advanced network threats. Its primary products are categorized as Service Assurance Solutions for network and application performance and business intelligence analytics and Cybersecurity Solutions. Its Service Assurance Solutions includes nGeniusONE Management Software and Analytic Modules and Visibility Products (Probes, Packet Flow Systems and Taps). Its Cybersecurity Solutions includes DDoS Protection and Advanced Threat Detection.
NETSCOUT SYSTEMS, INC. 
