NASDAQ$NTCT
NetScout Systems Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Delivered strong financial performance and advanced strategic growth priorities.
NETSCOUT delivered strong financial results with healthy revenue growth in service assurance and cybersecurity product lines for Q2 FY23. The company plans to manage operations prudently for balanced growth and profitability, remaining confident in helping customers navigate complex digital environments.
- Total revenue for Q2 FY23 was $228.1 million, compared to $211.9 million in Q2 FY22.
- Product revenue for Q2 FY23 was $111.8 million, approximately 49% of total revenue.
- Service revenue for Q2 FY23 was $116.3 million, about 51% of total revenue.
- Net income for Q2 FY23 was $17.4 million, or $0.24 per share (diluted), compared to $7.9 million, or $0.11 per share (diluted), for Q2 FY22.
Headline financials
Revenue & EPS history
NetScout · Revenue · Quarterly
$228M
Revenue by segment
NetScout · $228M total across 2 segments · Q2 2023
- Service$116M+5.4%51.0%
- Product$112M+10.0%49.0%
Forward guidance
NETSCOUT is reiterating its revenue and diluted net income per share outlook for fiscal year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.9%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+2.2%
Avg return
30 days after
56%
36 / 64 earnings
Positive
+18.0%
Q1 2013
Best reaction
-23.0%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +7.7% | +7.5% | +14.3% | |
| Q3 2026 | -4.8% | -0.1% | +4.9% | |
| Q2 2026 | +7.1% | +3.6% | -1.5% | |
| Q4 2025 | +1.7% | +8.5% | +9.9% | |
| Q3 2025 | +12.1% | +8.0% | +0.6% | |
| Q2 2025 | -1.2% | +1.5% | +4.4% | |
| Q1 2025 | +9.8% | +10.0% | +15.5% | |
| Q4 2024 | +1.0% | +1.4% | -6.8% | |
| Q3 2024 | +3.7% | -0.4% | +0.0% | |
| Q2 2024 | -0.5% | -3.0% | -5.7% | |
| Q1 2024 | -6.0% | -3.8% | -4.0% | |
| Q4 2023 | +13.7% | +11.4% | +20.2% | |
| Q3 2023 | +0.7% | +1.4% | -9.5% | |
| Q2 2023 | +0.6% | +1.4% | +6.2% | |
| Q1 2023 | -4.2% | -4.6% | -12.8% | |
| Q4 2022 | +3.8% | +6.9% | +13.7% | |
| Q3 2022 | +6.0% | +7.7% | +6.9% | |
| Q2 2022 | +2.7% | -1.8% | -10.3% | |
| Q1 2022 | -0.8% | -2.6% | -3.2% | |
| Q4 2021 | +2.9% | +3.1% | +15.6% | |
| Q3 2021 | -3.4% | -2.3% | -6.7% | |
| Q2 2021 | -2.8% | -2.4% | +13.7% | |
| Q1 2021 | -5.7% | -7.7% | -13.4% | |
| Q4 2020 | +0.3% | -10.3% | +5.9% | |
| Q3 2020 | +4.7% | +9.0% | +4.6% | |
| Q2 2020 | +11.2% | +12.0% | +13.6% | |
| Q1 2020 | -11.4% | -13.0% | -14.9% | |
| Q4 2019 | -1.1% | -5.1% | -15.9% | |
| Q3 2019 | +0.0% | +1.0% | +5.0% | |
| Q2 2019 | +14.8% | +10.9% | +6.0% | |
| Q1 2019 | -10.6% | -12.4% | -15.8% | |
| Q4 2018 | -1.3% | +4.1% | -0.4% | |
| Q3 2018 | +9.2% | +7.1% | +0.6% | |
| Q2 2018 | -7.1% | -6.0% | +1.8% | |
| Q1 2018 | +3.3% | +3.3% | -3.0% | |
| Q4 2017 | -6.6% | -5.8% | +2.2% | |
| Q3 2017 | +4.0% | +9.2% | +17.2% | |
| Q2 2017 | -5.7% | -6.2% | +11.0% | |
| Q1 2017 | +9.6% | +6.8% | +16.7% | |
| Q4 2016 | +2.8% | — | — | |
| Q3 2016 | -23.0% | — | — | |
| Q2 2016 | -8.7% | — | — | |
| Q1 2016 | +6.7% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +11.8% | — | — | |
| Q2 2014 | +14.8% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -7.0% | — | — | |
| Q2 2013 | +6.6% | — | — | |
| Q1 2013 | +18.0% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q4 2012 | +3.2% | — | — | |
| Q3 2011 | +3.1% | — | — | |
| Q3 2012 | +3.1% | — | — | |
| Q2 2012 | -3.9% | — | — | |
| Q2 2011 | -3.9% | — | — | |
| Q4 2011 | -10.9% | — | — | |
| Q1 2011 | -10.9% | — | — | |
| Q1 2012 | -10.9% | — | — |
Discussion
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