NetScout Systems, Inc. (NASDAQ:NTCT) Q3 2024 Earnings Conference Call January 25, 2024 8:30 AM ET Company Participants Tony Piazza – Senior Vice President-Finance Anil Singhal – President and Chief Executive Officer Michael Szabados – Chief Operating Officer Jean Bua – Executive Vice President and Chief Financial Officer Conference Call Participants Matt Hedberg – RBC Capital Markets Kevin Liu – K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to NetScout’s Third Quarte ...

NetScout Systems, Inc. (NASDAQ:NTCT) Q2 2024 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Tony Piazza – Senior Vice President-Corporate Finance Anil Singhal – President and Chief Executive Officer Michael Szabados – Chief Operating Officer Jean Bua – Executive Vice President and Chief Financial Officer Conference Call Participants Dan Bergstrom – RBC Capital Markets James Fish – Piper Sandler Kevin Liu – K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-26251 NETSCOUT SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 04-2837575 (Sta ...

Q2 FY 2024 Conference Call ©2023 NETSCOUT November 2, 2023 – Tony Piazza, SVP, Corporate Finance – Anil Singhal, President and CEO • CFO Financial Review November 2, 2023 Safe Harbor Non-GAAP Financial Metrics NETSCOUT management regularly uses supplemental non-GAAP financial measures internally to understand, manage and evaluate its business and to make operating decisions. These non-GAAP measures are among the primary factors that management uses in planning and forecasting. November 2, 2023 Q2 & 1H FY'24 ...

Table of Contents Delaware 04-2837575 (State or Other Jurisdiction of Incorporation or Organization) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-26251 NETSCOUT SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) UNITED STATES SECURITIES A ...

Financial Data and Key Metrics Changes - Revenue for Q1 FY2024 was $211.1 million, representing a year-over-year growth of over 1% [4] - Gross profit margin increased to 78.3%, up 3.8 percentage points from the same quarter last year [13] - Operating profit margin improved to 14.0%, compared to 11.7% in the same quarter last year [13] - Diluted EPS grew nearly 30% year-over-year to $0.31 per share [4][13] Business Line Data and Key Metrics Changes - Cybersecurity revenue increased by 9.9% year-over-year, while service assurance revenue declined by 2.4% [35] - The service assurance product line represented approximately 69% of total revenue, while cybersecurity accounted for 31% [35] - Enterprise customer vertical revenue grew nearly 13% year-over-year, while service provider customer vertical revenue declined approximately 9% [27][48] Market Data and Key Metrics Changes - Revenue was less concentrated in the U.S. compared to the previous year due to lower radio frequency propagation modeling project revenue [14] - The company ended the quarter with a backlog of approximately $16 million, consisting of $12 million of fulfillable orders and $4 million of radio frequency propagation modeling projects [34] Company Strategy and Development Direction - The company is focused on supporting both domestic and international carriers' 5G network evolutions and enhancing cybersecurity solutions [11][28] - New product offerings, including the next-generation Omnis Cyber Intelligence solution and adaptive DDoS solutions, are expected to drive customer interest [5][6][25] - The company aims to balance revenue growth and profitability while navigating a dynamic macro environment [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market opportunity for both existing and new solutions, reiterating the fiscal year 2024 outlook [8] - The company anticipates that fulfillable backlog will return to more normalized levels as supply chain challenges resolve [8] - Management highlighted the importance of early detection in cybersecurity as a key differentiator in the market [39] Other Important Information - The company ended the quarter with $390.5 million in cash and cash equivalents, a decrease of $37.4 million since the end of FY2023 [49] - Free cash flow for the quarter was a use of $24.3 million [49] - The company plans to be active in share repurchase authorizations, subject to market conditions [49] Q&A Session Summary Question: Overall demand trends and stabilization - Management noted that while service assurance business faced challenges, the enterprise side showed growth, and new product integrations are expected to drive demand [38] Question: Impact of OCI relaunch on pipeline generation - The relaunch of OCI is anticipated to improve sales quickly, focusing on early detection of cyber threats as a key differentiator [39] Question: Pipeline outlook for Tier 1 North America carrier customers - Management expressed confidence in the pipeline, noting that business with Tier 2 providers and cable companies is also significant [41] Question: Backlog normalization and revenue guidance - Management indicated that backlog levels are normalizing and expressed confidence in revenue guidance due to established 5G infrastructure [42][43] Question: Government business pipeline and revenue expectations - Management reported a good Q1 for government business and expects consistency year-over-year in Q2 [58] Question: Contribution of new security announcements to second quarter results - Management expects growth in the security area to be higher than overall business growth, driven by new product initiatives [59]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-26251 NETSCOUT SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

NetScout Systems, Inc. (NASDAQ:NTCT) Q4 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Tony Piazza - SVP, Corporate Finance Anil Singhal - President and CEO Michael Szabados - COO Jean Bua - EVP and CFO Conference Call Participants Dan Bergstrom - RBC Capital Markets Quinton Gabrielli - Piper Sandler Kevin Liu - K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome to NetScout's Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-26251 NETSCOUT SYSTEMS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 04-2837575 (Stat ...

NetScout Systems, Inc. (NASDAQ:NTCT) Q3 2023 Earnings Conference Call January 26, 2023 8:30 AM ET Company Participants Tony Piazza - Senior Vice President, Corporate Finance Anil Singhal - President & Chief Executive Officer Michael Szabados - Chief Operating Officer Jean Bua - Executive Vice President & Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital James Fish - Piper Sandler Kevin Liu - K. Liu & Company Operator Ladies and gentlemen, thank you for standing by, and welcome ...