NetScout Systems, Inc. (NASDAQ:NTCT) Q1 2021 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 08:30 am ET

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NetScout Systems, Inc. (NASDAQ:NTCT) Q1 2021 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to NetScout's First Quarter Fiscal Year 2021 Financial Results Conference Call. [Operator Instructions] Tony Piazza, Vice President of Corporate Finance, and his colleagues at NetScout are on the line with us today. [Operator Instructions]

I would now like to turn the call over to Tony Piazza to begin the company's prepared remarks.

Executive
Tony Piazza

Thank you, operator, and good morning, everyone. Welcome to NetScout's First Quarter Fiscal Year 2021 Conference call for the period ended June 30, 2020. Joining me today are Anil Singhal, NetScout's President and CEO; Michael Szabados, NetScout's Chief Operating Officer; and Jean Bua, NetScout's Executive Vice President and Chief Financial Officer. There is a slide presentation that accompanies our prepared remarks. You can advance the slides in the webcast viewer to follow our commentary. Both the slides and the prepared remarks can be accessed in multiple areas within the Investor Relations section of our website at www.netscout.com, including the IR landing page under financial results, the webcast itself and under financial information on the quarterly results page. Moving on to slide number three.

Today's conference call will include forward-looking statements. These statements may be prefaced by words such as anticipate, believe and expect and will cover a range of topics that are not strictly historical facts such as our financial fiscal year 2021 assumptions, our market opportunities and market share, key business initiatives and future product plans, along with their potential impact on our financial performance. These forward-looking statements involve risks and uncertainties and actual results could differ materially from the forward-looking statements due to known and unknown risks, uncertainties, assumptions and other factors, which are described in this slide and in today's financial results press release as well as in our annual report on Form 10-K for the year ended March 31, 2020. NetScout assumes no obligation to update any forward-looking information contained in this communication or with respect to announcements described herein.

Let's turn to opex number four, which involves non-GAAP metrics. While this slide presentation includes both GAAP and non-GAAP results, unless otherwise stated, financial information discussed on today's conference call will be on a non-GAAP basis only. The rationale for providing non-GAAP measures, along with the limitations of relying solely on those measures is detailed on the slide and in today's press release. These measures should not be considered in isolation from or as a substitute for financial information prepared in accordance with GAAP. Reconciliations of all non-GAAP metrics with the applicable GAAP measures are provided in the appendix of this slide presentation, in today's earnings press release and they are also available on our website.

I will now turn the call over to Anil for his prepared remarks. Anil?

Executive
Anil Singhal

Thank you, Tony. Good morning, everyone, and thank you for joining us. Let's begin on slide number six with a brief recap of our first quarter non-GAAP results. We delivered strong earnings per share growth on a relatively consistent revenue level compared with the same