Netscout Systems (NTCT) FY2015 results: revenue $454 million, up 14.4% on the year
Netscout Systems Inc. (NTCT) reported revenue of $454 million for fiscal 2015, the year ended 31 March 2015, up 14.4% on the year before. Net income was $61 million, up 24.6%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 20 May 2015.
Revenue
$454 million
+14.4% on the year
FY2010FY2015
Operating margin
21.3%
19.7% a year earlier
FY2010FY2015
Net income
$61 million
+24.6% on the year
FY2010FY2015
Diluted EPS
$1.47
+25.6% on the year
FY2010FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
454
397
351
+14.4%
Cost of revenue
94.6
84.5
74.0
+11.9%
Gross profit
359
312
277
+15.0%
Gross margin
79.2%
78.7%
78.9%
Research and development
75.2
70.5
61.5
+6.8%
Operating income
96.8
78.0
64.5
+24.0%
Operating margin
21.3%
19.7%
18.4%
Interest expense
0.8
0.8
1.3
+0.7%
Pre-tax income
95.0
77.9
63.7
+22.0%
Income tax
33.8
28.8
23.1
+17.5%
Effective tax rate
35.6%
36.9%
36.3%
Net income
61.2
49.1
40.6
+24.6%
Net margin
13.5%
12.4%
11.6%
Diluted EPS
$1.47
$1.17
$0.96
+25.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
107
111
95.4
-3.6%
Capital expenditure
12.8
13.1
11.7
-2.0%
Free cash flow
94.1
97.9
83.7
-3.8%
Free cash flow margin
20.7%
24.7%
23.9%
Depreciation and amortisation
19.7
18.3
17.5
+7.9%
Share-based compensation
16.6
12.9
9.6
+28.2%
Buybacks
51.7
34.3
27.4
+50.7%
Diluted shares, weighted
42m
42m
42m
-0.8%
Shares outstanding at period end
41m
41m
41m
-0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
436
409
372
+6.5%
Debt
0.0
0.0
0.0
Other liabilities
233
199
180
+17.5%
Total liabilities and equity
669
608
552
+10.1%
Fixed assets
23.9
23.1
19.7
+3.3%
Goodwill
197
203
202
-2.9%
Intangible assets
50.2
58.5
63.8
-14.2%
Investments
160
117
54.2
+37.1%
Cash and equivalents
105
102
99.9
+2.8%
Receivables
82.2
60.5
73.9
+35.9%
Inventory
12.1
12.6
7.6
-3.6%
Other assets
38.3
30.8
30.7
+24.4%
Total assets
669
608
552
+10.1%
10-K for the year ended 31 March 2015, filed 20 May 2015: the filing.