NetScout Systems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 07:30 am EDT
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NetScout Systems, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was USD 196.8 million compared to USD 228.08 million a year ago. Net income was USD 21.46 million compared to USD 17.38 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.24 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.24 a year ago.
For the six months, revenue was USD 407.94 million compared to USD 436.89 million a year ago. Net income was USD 17.26 million compared to USD 10.25 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.14 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. 
