NetScout Systems Reiterated FY25 Revenue Of $800M-$830M Vs $807.86M Est, Adj EPS Of $2.10-$2.30 Vs $2.12 Est

Financial Outlook

The Company's GAAP net loss per share for fiscal year 2025 has been updated to reflect a non-cash goodwill impairment and a restructuring charge related to the Company's Voluntary Separation Program (VSP). The fiscal year 2025 outlook for revenue and non-GAAP net income per share remains unchanged from previous guidance. The Company's outlook for fiscal year 2025 is as follows:

• Revenue (GAAP and non-GAAP) expectations remain in the range of $800 million to $830 million.
• GAAP net loss per share (diluted) is now expected to be in the range of ($5.28) to ($5.03), primarily attributable to goodwill impairment and restructuring charges taken in the first quarter of fiscal year 2025, as well as restructuring charges anticipated for the second quarter of fiscal year 2025. This compares to the previous GAAP net income per share range of $0.58 to $0.82. Non-GAAP net income per share (diluted) expectations remain in the range of $2.10 to $2.30.
• A reconciliation between GAAP and non-GAAP numbers for NETSCOUT's fiscal year 2025 outlook is included in the financial tables below.