NetScout backs FY25 EPS view $2.10-$2.30, consensus $2.17

Backs FY25 revenue $800M-$830M, consensus $811.47M. The company said, “As previously announced in the first quarter of fiscal year 2025, NETSCOUT (NTCT) initiated a Voluntary Separation Program (VSP) as part of its restructuring efforts for fiscal year 2025. The VSP is expected to result in a net reduction of approximately 145 employees, which represents approximately 6.3% of its workforce as of March 31, 2024. In conjunction with the VSP, the Company recorded a restructuring charge of $19.0 million in the first half of fiscal year 2025. The Company expects to record an additional restructuring charge of approximately $0.6 million in the third quarter of fiscal year 2025 primarily for severance costs associated with the remaining implementation of the VSP. The Company expects that these actions will generate net annual run-rate savings of approximately $25 million, of which $19 million will be realized in fiscal year 2025. The charges are factored into NETSCOUT’s GAAP guidance provided above, and anticipated partial-year net benefits for fiscal year 2025 are included in both GAAP and non-GAAP expectations.”