- Second Consecutive Quarter Record Revenue Expected
- Estimated Revenue of $29 to $30 Million
- Estimated EPS $0.09 to $0.10
WESTFORD, Mass.--(BUSINESS WIRE)--Sept. 20, 2007--NetScout
Systems, Inc. (NASDAQ: NTCT), an industry pacesetter for advanced
network and service assurance solutions, today announced revised
guidance for its second quarter of fiscal year 2008, ending September
30, 2007.
Total revenue for the second quarter is expected to be in the
range of $29 million to $30 million, an increase over the previously
issued guidance range of $28 million to $29 million. This represents
year-over-year revenue growth of 16 to 20 percent.
Net income per diluted share is expected to be in the range of
$0.09 to $0.10, higher than previously issued guidance of $0.08 to
$0.09, based upon preliminary estimates. This represents
year-over-year net income per diluted share growth of 29 to 43
percent.
"We are very pleased with the strength of our business this
quarter and as a result we are raising guidance for the second
consecutive quarter," said Anil Singhal, President and CEO of NetScout
Systems. "Based upon preliminary assessments we expect record Q2
revenue. The strength of orders is evidence of the increasing demand
we are seeing across our vertical markets for NetScout's network-based
application performance management products. We have positioned
ourselves to play a central role in meeting the growing needs of our
customers and we look forward to reporting this progress in our
scheduled earnings release and conference call on October 25, 2007."
About NetScout Systems
NetScout Systems, Inc. (NASDAQ: NTCT) has been an industry
pacesetter for advanced network and service assurance solutions for
over a decade, and counts the world's largest enterprises, government
agencies, and service providers among its customers. Enterprise and
government IT organizations deploy NetScout's nGenius(R) Performance
Management System to increase service levels to their users by
reducing or preventing service disruptions. Service providers depend
on NetScout's proven IP performance management technology and
expertise to protect the quality of their customers' experience with
IP-based services. NetScout is headquartered in Westford,
Massachusetts and has offices worldwide. Further information is
available at http://www.netscout.com.
Safe Harbor:
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of Section 21E of the Securities Exchange
Act of 1934 and other federal securities laws. Investors are cautioned
that statements in this press release, which are not strictly
historical statements, including the plans, objectives and future
financial performance of NetScout, constitute forward-looking
statements which involve risks and uncertainties. Actual results could
differ materially from the forward-looking statements. Risks and
uncertainties which could cause actual results to differ include,
without limitation, risks and uncertainties associated with the
Company's relationships with strategic partners, dependence upon
broad-based acceptance of the Company's network performance management
solutions, the Company's ability to achieve and maintain a high rate
of growth, introduction and market acceptance of new products and
product enhancements, the ability of the Company to take advantage of
service provider opportunities, competitive pricing pressures,
reliance on sole source suppliers, successful expansion and management
of direct and indirect distribution channels and dependence on
proprietary technology, and risks of slowdowns or downturns in
economic conditions generally and in the market for network
performance management solutions specifically. For a more detailed
description of the risk factors associated with the Company, please
refer to the Company's Annual Report on Form 10-K for the fiscal year
ended March 31, 2007 on file with the Securities and Exchange
Commission. NetScout assumes no obligation to update any
forward-looking information contained in this press release or with
respect to the announcements described herein.
(C)2007 NetScout Systems, Inc. All rights reserved. NetScout and
the NetScout logo and nGenius are registered trademarks of NetScout
Systems, Inc.
CONTACT: NetScout Systems, Inc.
Catherine Taylor, 978-614-4286
Director of Investor Relations
IR@netscout.com
SOURCE: NetScout Systems, Inc.