Netscout reports financial results for Q1 FY2019

Netscout SYSTEMS, INC. (NASDAQ: NTCT), a provider of service assurance, security, and business analytics, has announced financial results for its first quarter of fiscal year 2019 ended June 30, 2018NETSCOUT.

Notable first-quarter and recent operational highlights include:

Netscout announced a collaboration with IBM, under which IBM will leverage Netscout´s Smart Data Technologies, which includes its patented Adaptive Service Intelligenceâ„¢ (ASI) technology, to drive data-centric workflows and decision making for Communication Service Providers (CSPs).

In mid-May, Netscout was recognized for customer service and support excellence when it received the NorthFace ScoreBoard Award℠ (NFSB) from Customer Relationship Management Institute LLC (CRMI) for its nGeniusONE® Service Assurance solutions.

In mid-May, Netscout announced that Telefonica certified its virtualized solutions vSCOUTâ„¢ and vSTREAMâ„¢ for deployment with their UNICA Lab architecture that supports future networks based on network function virtualization and software-defined networking (NFV/SDN) technologies.

From May 14 through May 17, 2018, Netscout hosted a record number of customers, prospects and partners in Dallas, Texas at Engage, its annual technology and user summit. At the event, the company showcased its service assurance and security solutions, offered insight into product roadmaps and provided certification programs, technical tutorials and hands-on training.
Q1 FY19 Financial Results

Total revenue (GAAP) for the first quarter of fiscal year 2019 was USD 205.1 million, compared with USD 225.8 million in the same quarter one year ago. Non-GAAP total revenue for the first quarter of fiscal year 2019 was USD 206.0 million, compared with USD 228.8 million in the same quarter one year ago. A reconciliation of GAAP and non-GAAP results is included in the attached financial tables.

Netscout´s loss from operations (GAAP) was USD 77.1 million in the first quarter of fiscal year 2019 versus a loss from operations of USD 33.6 million in the same quarter one year ago. The company´s GAAP operating profit margin in the first quarter of fiscal year 2019 was -37.6% versus -14.9% in fiscal year 2018´s first quarter.

Netscout assures digital business services against disruptions in availability, performance, and security. Visit www.Netscout.com.