HomeCATNews UpdatesBusinessLittleton Road’s NetScout Reports Strong Quarterly Earnings

Littleton Road’s NetScout Reports Strong Quarterly Earnings

July 23, 2014

(W) NetScout Red Hat — The Gutierrez Company of Burlington is proposing to build 282 rental units behind Net Scout and Red Hat on Route 110 in Westford. FILE PHOTO

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Last week, Littleton Road-based NetScout Systems reported positive quarterly results for the first quarter of their 2015 fiscal year, finishing at $107.9 million in revenue over the period.

Revenue growth for the company, which provides networking solutions, was also very strong. Netscout CEO Anil Singhal began the conference call with reports that overall revenue growth was up 32 percent, with product revenue growth.

“Our continued market leadership and strong financial performance reflects our consistent innovation,” said Singhal.

NetScout CFO Jean Bua added additional fiscal information, reporting that the company showed a gross profit of $86.5 million over the first fiscal quarter, with an expectation of 18 to 23 percent growth in overall revenue for the full 2015 fiscal year.

More information on NetScout is available at their website. A full transcript of the conference call is available at SeekingAlpha.com

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