NetScout Systems (NTCT) reported Q1 results slightly ahead of our estimates and consensus. Relative to our model, the revenue upside was wholly attributable to higher service revenue, which benefited in part from some catch-up in maintenance.
Read MoreNetScout Systems (NTCT) reported fiscal Q4 ’23 results above our estimates and consensus. Both product and service revenue outpaced our expectations as another quarter of strong growth in the service provider vertical more than offset ongoing macro-related softness in the enterprise vertical.
Read MoreNetScout Systems (NTCT) delivered fiscal Q3 ’23 results well above our estimates and consensus. The outperformance was largely driven by a year-end budget flush in the service provider vertical, enabling NetScout to pull-in deals previously expected to close in Q4.
Read MoreNetScout Systems (NTCT) reported fiscal Q2 ’23 results above our estimates and consensus. The strong performance reflected accelerating growth in cybersecurity sales to enterprise customers along with a slight increase in service assurance sales.
Read MoreNetScout Systems (NTCT) reported fiscal Q1 ’23 results slightly ahead of our estimates and consensus. Revenue increased 10% Y/Y as robust growth in the service provider vertical more than offset a decline in enterprise sales.
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