NetScout Systems, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 09, 2024 at 07:30 am EDT
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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. is a provider of performance management, cybersecurity, and distributed denial of service (DDoS) protection solutions. The Company protects the connected world from cyberattacks and performance and availability disruptions through the Companyâs visibility platform and solutions powered by its deep packet inspection at scale technology. Its 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, and to gain insight into the end user experience. Its primary products are categorized as service assurance solutions for network application performance, and business intelligence analytics and cybersecurity solutions. Its service assurance solutions include nGeniusONE Management Software and Analytic Modules and Visibility Products. Its cybersecurity solutions include DDoS Protection and Advanced Threat Detection.