Netscout Systems (NTCT) FY2017 results: revenue $1.2 billion, up 21.6% on the year
Netscout Systems Inc. (NTCT) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 March 2017, up 21.6% on the year before. Net income was $33 million, and diluted earnings per share $0.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2017.
Revenue
$1.2 billion
+21.6% on the year
FY2010FY2017
Operating margin
5.3%
-2.7% a year earlier
FY2010FY2017
Net income
$33 million
FY2010FY2017
Diluted EPS
$0.36
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,162
955
454
+21.6%
Cost of revenue
346
328
94.6
+5.4%
Gross profit
816
627
359
+30.1%
Gross margin
70.2%
65.6%
79.2%
Research and development
233
209
75.2
+11.5%
Operating income
62.1
-25.6
96.8
Operating margin
5.3%
-2.7%
21.3%
Interest expense
9.2
6.3
0.8
+45.1%
Pre-tax income
52.2
-32.4
95.0
Income tax
18.9
-4.1
33.8
Effective tax rate
36.2%
n/a
35.6%
Net income
33.3
-28.4
61.2
Net margin
2.9%
-3.0%
13.5%
Diluted EPS
$0.36
-$0.35
$1.47
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
227
97.2
107
+133.3%
Capital expenditure
29.7
24.8
12.8
+19.8%
Free cash flow
197
72.4
94.1
+172.1%
Free cash flow margin
17.0%
7.6%
20.7%
Cash from investing
-41.6
25.1
n/a
Cash from financing
-89.6
-17.2
n/a
Depreciation and amortisation
161
140
19.7
+14.8%
Share-based compensation
39.2
28.4
16.6
+38.2%
Buybacks
80.0
303
51.7
-73.6%
Diluted shares, weighted
93m
82m
42m
+13.4%
Shares outstanding at period end
92m
94m
41m
-2.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,436
2,443
436
-0.3%
Debt
300
300
0.0
0.0%
Other liabilities
865
849
233
+1.9%
Total liabilities and equity
3,602
3,593
669
+0.2%
Fixed assets
61.4
62.0
23.9
-1.0%
Goodwill
1,718
1,709
197
+0.5%
Intangible assets
931
1,054
50.2
-11.6%
Investments
160
141
160
+13.1%
Cash and equivalents
305
211
105
+44.7%
Receivables
294
247
82.2
+19.1%
Inventory
40.0
58.0
12.1
-31.1%
Other assets
91.6
110
38.3
-16.8%
Total assets
3,602
3,593
669
+0.2%
10-K for the year ended 31 March 2017, filed 24 May 2017: the filing.