Earnings release
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EX - 99.1 2 a52368919ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 NETSCOUT Reports Third Quarter Fiscal Year 2021 Financial Results Company Raises EPS Outlook for FY'21 WESTFORD , Mass .-- ( BUSINESS WIRE ) -- January 28 , 2021 -- NETSCOUT SYSTEMS , INC . ( NASDAQ : NTCT ) , a leading provider of service assurance , security , and business analytics , today announced financial results for its third - quarter fiscal year 2021 ended December 31 , 2020 . " We are pleased with our third - quarter results and strong year - to - date earnings per share performance compared with our prior fiscal year , ” stated Anil Singhal , NETSCOUT's president and chief executive officer . " Our offerings are being well received in the market given our ability to provide service assurance , with real - time , pervasive visibility and insight , and security solutions that mitigate disruption for our customers regardless of their underlying infrastructure . This is important as customers further safeguard their Information Technology infrastructure in this pandemic environment that is straining networks in terms of volume and attempted security breaches . Our focus during these challenging times has been to keep our team safe and productive , to serve our customers well with the highest quality solutions and service , and to drive overall margin expansion while preserving liquidity to maintain a strong balance sheet and financial flexibility . " Singhal continued , “ Our relevant solutions , trusted brand , strong customer relationships , dedicated team , and solid financial profile have positioned us well as we continue to weather the current macro - economic environment . We remain committed to enhancing our profitability and are raising our fiscal year 2021 earnings per share outlook given our performance year - to - date . With long - term market trends , such as digital transformation , cloud migration , cyber threats , and 5G networks , in NETSCOUT's favor , we believe we are well positioned as " Guardians of the Connected World " when we emerge from this global crisis . "