NetScout Systems Q1 Profit Rises - Quick Facts

(RTTNews) - NetScout Systems Inc. (NTCT) reported first-quarter net income of $5.25 million or $0.12 per share, compared to $5.01 million or $0.12 per share last year. On a non-GAAP basis, net income for the quarter was $8.7 million, or $0.21 per share.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose to $81.81 million from $76.36 million last year. Non-GAAP revenue was $81.9 million for the quarter. Analysts expected revenue of $80.12 million for the quarter.

For fiscal year 2014, the company reiterated the guidance issued last quarter. NetScout continues to expect GAAP revenue to be in the range of $384 million to $399 million, and non-GAAP revenue to be in the range of $385 million to $400 million. GAAP net income per share is expected to be in the range of $1.06 to $1.16 and non-GAAP net income per share is expected to be between $1.40 and $1.50. Analysts expect the company to report fiscal 2014 profit per share of $1.44 on revenue of $390.70 million.