Netscout Systems (NTCT) FY2016 results: revenue $955 million, up 110.6% on the year
Netscout Systems Inc. (NTCT) reported revenue of $955 million for fiscal 2016, the year ended 31 March 2016, up 110.6% on the year before. Net income was -$28 million, and diluted earnings per share $-0.35. The figures are the company's own, from the 10-K it filed with the SEC on 31 May 2016.
Revenue
$955 million
+110.6% on the year
FY2010FY2016
Operating margin
-2.7%
21.3% a year earlier
FY2010FY2016
Net income
-$28 million
FY2010FY2016
Diluted EPS
-$0.35
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
955
454
397
+110.6%
Cost of revenue
328
94.6
84.5
+247.3%
Gross profit
627
359
312
+74.6%
Gross margin
65.6%
79.2%
78.7%
Research and development
209
75.2
70.5
+177.3%
Operating income
-25.6
96.8
78.0
Operating margin
-2.7%
21.3%
19.7%
Interest expense
6.3
0.8
0.8
+718.8%
Pre-tax income
-32.4
95.0
77.9
Income tax
-4.1
33.8
28.8
Effective tax rate
n/a
35.6%
36.9%
Net income
-28.4
61.2
49.1
Net margin
-3.0%
13.5%
12.4%
Diluted EPS
-$0.35
$1.47
$1.17
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
97.2
107
111
-9.1%
Capital expenditure
24.8
12.8
13.1
+93.5%
Free cash flow
72.4
94.1
97.9
-23.1%
Free cash flow margin
7.6%
20.7%
24.7%
Cash from investing
25.1
n/a
n/a
Cash from financing
-17.2
n/a
n/a
Depreciation and amortisation
140
19.7
18.3
+610.7%
Share-based compensation
28.4
16.6
12.9
+71.0%
Buybacks
303
51.7
34.3
+485.5%
Diluted shares, weighted
82m
42m
42m
+96.8%
Shares outstanding at period end
94m
41m
41m
+130.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,443
436
409
+460.7%
Debt
300
0.0
0.0
Other liabilities
849
233
199
+264.1%
Total liabilities and equity
3,593
669
608
+437.0%
Fixed assets
62.0
23.9
23.1
+159.9%
Goodwill
1,709
197
203
+765.7%
Intangible assets
1,054
50.2
58.5
+2,000.5%
Investments
141
160
117
-11.6%
Cash and equivalents
211
105
102
+100.9%
Receivables
247
82.2
60.5
+200.6%
Inventory
58.0
12.1
12.6
+378.4%
Other assets
110
38.3
30.8
+187.1%
Total assets
3,593
669
608
+437.0%
10-K for the year ended 31 March 2016, filed 31 May 2016: the filing.