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EX - 99.1 2 a52467848ex991.htm EXHIBIT 99.1 Exhibit 99.1 NETSCOUT Reports First Quarter Fiscal Year 2022 Financial Results WESTFORD , Mass .-- ( BUSINESS WIRE ) -- July 29 , 2021 -- NETSCOUT SYSTEMS , INC . ( NASDAQ : NTCT ) , a leading provider of service assurance , security , and business analytics , today announced financial results for its first quarter fiscal year 2022 ended June 30 , 2021 . " Our first - quarter performance provides a solid start to fiscal year 2022 , ” stated Anil Singhal , NETSCOUT's president and chief executive officer . " Strong first - quarter product revenue growth in both the Service Assurance and Cybersecurity product lines drove our overall revenue increase and contributed to improved diluted earnings per share compared with the same quarter in the prior fiscal year . " Commenting on the Company's plans and outlook for fiscal year 2022 , Singhal said , " As the world continues to emerge from the pandemic , we remain focused on meeting our customers ' needs for Service Assurance and Cybersecurity solutions that solve some of the connected world's toughest challenges . We continue to see opportunities for our products and services in the emerging technology trends that we believe will benefit NETSCOUT in the future , such as 5G , digital transformation through cloud migration , and the expanding cybersecurity threat landscape . " Q1 FY22 Financial Results Total revenue ( GAAP and non - GAAP ) for the first quarter of fiscal year 2022 was $ 190.3 million , compared with $ 183.8 million in the same quarter one year ago . A reconciliation of GAAP and non - GAAP results is included in the attached financial tables . Product revenue ( GAAP and non - GAAP ) for the first quarter of fiscal year 2022 was $ 82.0 million , which was approximately 43 % of total revenue . This compares with first - quarter fiscal year 2021 product revenue ( GAAP and non - GAAP ) of $ 71.7 million , which was approximately 39 % of total revenue .