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Stock impact report

NETSCOUT Reports Third Quarter Fiscal Year 2024 Financial Results

NetScout Systems, Inc. (NTCT) 
Last netscout systems, inc. earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.netscout.com
Company Research Source: Business Wire
WESTFORD, Mass.--(BUSINESS WIRE)--NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of performance management, cybersecurity, and DDoS attack protection solutions, today announced financial results for its third quarter ended December 31, 2023.Remarks by Anil Singhal, NETSCOUT’s President and Chief Executive Officer:“We delivered third fiscal quarter revenue ahead of expectations as we benefitted from the timing of calendar year-end customer budget spending. While the market environment remains challenging with constrained customer spending and elongated sales cycles, primarily impacting our service assurance business, our cybersecurity business once again grew year-over-year as enterprise and service provider customers continue to prioritize spending in this area.“Looking ahead, we expect to deliver full fiscal year 2024 revenue at the low-end of our previously disclosed target range as we continue to navigate the current market environment. From a bottom-line standpoint, Show less Read more
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