WESTFORD, Mass.--(BUSINESS WIRE)--July 5, 2006--NetScout Systems,
Inc. (NASDAQ: NTCT), a leading provider of network performance
management solutions, today announced that based on preliminary
estimates it expects revenues for the first fiscal quarter, ending
June 30, 2006 to be in the range of $23 to $24 million and net income
per diluted share to be in the range of $0.03 to $0.04.
"We are disappointed by our preliminary results for the first
fiscal quarter, which has historically been a seasonally slow quarter
for NetScout," said Anil Singhal, President and CEO of NetScout
Systems. "While we had previously expected revenue to be flat or
modestly up over Q4, our preliminary analysis shows that we
experienced longer than expected sales cycles on some business in
addition to lower-than-expected results from our European operations.
From an overall perspective, we continue to see strong interest from
current and prospective customers, and our competitive leadership
position remains strong. In addition, we remain excited about our long
term prospects as we are in the process of rolling out our next
generation Application Fabric Performance Management architecture and
our new products, nGenius Analytics and Application Fabric Monitor."
NetScout will hold a brief conference call tomorrow, July 6, 2006,
at 8:00 a.m. ET. NetScout plans to announce final first quarter
results on July 26, 2006 after the market close.
CONFERENCE CALL INSTRUCTIONS:
The conference call is scheduled for July 6 at 8:00 a.m. ET and
will be webcast live through the Company's website at
http://www.netscout.com/investors. The dial-in numbers for the
conference call are 866-701-8242 for U.S./Canada and 706-634-5113 for
international callers. The conference ID is: 2638405. A replay of the
call will be available after 11:00 a.m. ET on July 6 for approximately
two weeks. The number for the replay is 800-642-1687 for U.S./Canada
and 706-645-9291 for international callers. The conference ID is:
2638405.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ: NTCT) is a market leader and
pioneer of integrated network performance management products that
unify performance across the enterprise. NetScout's nGenius(R)
Performance Management System is helping more than 3,000 leading
companies increase their return on infrastructure investments by
optimizing the performance of networks and applications according to
business priorities. 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 such as the delivery of nGenius product platform
probes and software solutions, High Definition Performance Management
functionality, the analytic solutions acquired from Quantiva and the
implementation of the Company's Application Fabric Performance
Management strategy, 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 further 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, 2006 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)2006 NetScout Systems, Inc. All rights reserved. NetScout and
the NetScout logo, nGenius, and Quantiva are registered trademarks of
NetScout Systems, Inc. Other brands, product names and trademarks are
property of their respective owners.
CONTACT: NetScout Systems, Inc.
Catherine Taylor, 978-614-4286
Director of Investor Relations
IR@netscout.com
SOURCE: NetScout Systems, Inc.