Netscout Posts $308 Million in Revenue

Netscout reported revenue of $307.7 million for the third quarter of its fiscal 2016, including a full quarter’s contribution from Danaher’s Communications Business, which NetScout acquired on July 14, 2015. Product revenue for the third quarter of fiscal year 2016 was $209.1 million, which was approximately 68% of total revenue. Service revenue for the third quarter of fiscal year 2016 was $98.6 million, or approximately 32% of total revenue. Net loss for the third quarter of fiscal year 2016 was $24.5 million, or $0.25 per diluted share. On a non-GAAP basis, net income for the third quarter was $57.2 million, or $0.58 per diluted share.

“NetScout produced a strong third-quarter performance,” stated Anil Singhal, NetScout’s president and CEO. “We were pleased with the revenue performance across the enterprise and service provider markets. Our top-line results, in combination with disciplined spending to advance key development, sales and integration initiatives, enabled us to deliver strong profit margins, along with a robust EPS performance. During the quarter, we also continued to make good progress integrating our acquisition of the Danaher Communications Business.”

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