NetScout Systems Inc. (NTCT: Quote) reported that its third-quarter net income rose to $11.14 million or $0.26 per share from $10.03 million or $0.24 per share in the year ago quarter.
Non-GAAP net income for the quarter was $15.35 million or $0.36 per share, up from $14.81 million or $0.35 per share last year.
Total revenue for the quarter rose to $91.57 million from $83.30 million in the year ago quarter. Non-GAAP revenue for the quarter increased to $91.97 million from $83.42 million in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share on revenues of $90.63 million for the third-quarter. Analysts’ estimates typically exclude special items.
For fiscal year 2013, the company expects GAAP revenue to be in the range of $346 million to $351 million, while non-GAAP revenue will be in the range of $347 million to $352 million. Earlier, company expected GAAP and non-GAAP revenue to be in the range of $340 million to $355 million for fiscal 2013.
The company has narrowed its 2013 GAAP net income per share to be in the range of $0.92 to $0.96, and raised non-GAAP net income per share to be between $1.28 and $1.32. Previously, the company expects GAAP net income per share to be in the range of $0.94 to $1.00 and non-GAAP net income per share to be between $1.24 and $1.30 for fiscal 2013.
Analysts expect the company to report earnings of $1.28 per share on revenues of $350.08 million for fiscal 2013.
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by RTT Staff Writer
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