Earnings ·
NetScout reports Q2 FY2027 net income of $34.4M ($0.47 per diluted share) on revenue growth
NTCTNetscout Systems Inc
NetScout Systems reported second quarter fiscal 2027 results with total revenue increasing 1.4% to $222.2 million, driven by a 6.4% rise in service revenue that offset a 5.1% decline in product sales. GAAP net income rose to $34.4 million, or $0.47 per diluted share, compared with $25.8 million, or $0.35 per diluted share, in the prior year period. The company also repurchased approximately $77 million of common stock during the quarter and reaffirmed its full-year fiscal 2027 revenue outlook of $885.0 million to $915.0 million. NetScout Systems is a leading provider of network observability, AIOps, carrier service assurance, cybersecurity, and DDoS attack protection solutions.