NetScout Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 25, 2024 at 07:31 am EST
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NetScout Systems, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was USD 218.07 million compared to USD 269.54 million a year ago. Net loss was USD 132.58 million compared to net income of USD 52.62 million a year ago. Basic loss per share from continuing operations was USD 1.87 compared to basic earnings per share from continuing operations of USD 0.73 a year ago. Diluted loss per share from continuing operations was USD 1.87 compared to diluted earnings per share from continuing operations of USD 0.72 a year ago.
For the nine months, revenue was USD 626.01 million compared to USD 706.44 million a year ago. Net loss was USD 115.32 million compared to net income of USD 62.87 million a year ago. Basic loss per share from continuing operations was USD 1.61 compared to basic earnings per share from continuing operations of USD 0.87 a year ago. Diluted loss per share from continuing operations was USD 1.61 compared to diluted earnings per share from continuing operations of USD 0.86 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. 
