NetScout Systems Reports Financial Results for First Quarter Fiscal Year 2009 (Business Wire)

Thursday July 24, 4:05 pm ET Completes Q1 Sales Force IntegrationFirst Quarter GAAP Revenue up 117% Year-over-YearFirst Quarter Non-GAAP Revenue up 134% Year-over-Year Following Acquisition of Network General WESTFORD, Mass.--(BUSINESS WIRE)--NetScout Systems, Inc.: ), industry pacesetter for advanced network and service assurance solutions, today announced financial results for its first quarter of fiscal year 2009, ended June 30, 2008. Total GAAP revenue for the first quarter of fiscal year 2009 was $60.6 million. Non-GAAP revenue for the first quarter was $65.4 million. Non-GAAP revenue excludes the purchase accounting adjustment to record at fair value the acquired Network General deferred revenue. Product revenue on a GAAP basis was $34.9 million, and service revenue was $25.7 million. GAAP net income for the quarter was... [read full story]