NetScout Systems (NASDAQ:NTCT) Second Quarter 2023 Results
Key Financial Results
Revenue: US$228.1m (up 7.6% from 2Q 2022).
Net income: US$17.4m (up 120% from 2Q 2022).
Profit margin: 7.6% (up from 3.7% in 2Q 2022). The increase in margin was driven by higher revenue.
EPS: US$0.24 (up from US$0.11 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NetScout Systems Earnings Insights
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Communications industry in the US.
The company's shares are down 4.0% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of NetScout Systems' balance sheet and an in-depth analysis of the company's financial position.
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