Q2 2025 Netscout Systems Inc Earnings Call Transcript
Key Points
- NetScout Systems Inc (NTCT) delivered Q2 fiscal year 2025 revenue and earnings results in line with expectations.
- The company released several products and product enhancements aligned with key technology trends, including AI-ready smart data solutions.
- NetScout Systems Inc (NTCT) had a strong turnout and interest in its recent annual Engaged Technology and User summit.
- The company reaffirmed its full fiscal year 2025 non-GAAP revenue and EPS outlooks.
- NetScout Systems Inc (NTCT) completed the majority of its voluntary separation program, expecting a benefit of approximately $25 million in annualized cost reduction.
- Q2 revenue was approximately $191 million, down 3% compared to the prior year period.
- Earnings per share for the second quarter was down approximately 23 cents from the prior year.
- First half fiscal year 2025 revenue was approximately $366 million, down 10% year over year.
- Service assurance revenue for the first half of fiscal year 2025 was down approximately 13% year over year.
- Cybersecurity revenue decreased by 4% for the first half of fiscal year 2025, primarily due to backlog-related headwinds.
Ladies and gentlemen, thank you for standing by and welcome to Netscout's second quarter, fiscal year 2025 financial results conference call at this time. All parties are in a listen-only mode until the question and answer portion of the call. As a reminder, this call is being recorded. Tony Piazza Netscout's deputy CFO and his colleagues at Netscout are on the line with us today. If you require operator assistance at any time, please press star zero. I would now like to turn the call over to Tony Piazza to begin the company's prepared remarks.
Thank you operator and good morning, everyone. Welcome to Netscout's second quarter, fiscal year 2025 conference call for the period ended September 30th 2024. Joining me today Anil Singhal. Netscout's President and Chief Executive Officer, Michael Szabados, Netscout's Chief Operating Officer and Jean Bua Netscout's Executive Vice President and Chief Financial Officer.
There's a slide presentation that accompanies our prepared remarks. You can advance the slides in
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