NetScout, Vodafone sign deal for monitoring across European operations
NetScout will provide passive probing for Vodafone Group’s operations in Europe. The two companies announced an exclusive, multi-year agreement under which NetScout will provide real-time service assurance via its InfiniStreamNG platform, across 13 European countries. .
Anil Singhal, president and CEO of NetScout, called the deal “significant for NetScout” in a company statement, adding that it “represents an important extension of our long-standing partnership with Vodafone in Europe, as well as an unequivocal validation of the market appeal of our new InfiniStreamNG platform.” NetScout indicated in its quarterly results that during the most recent quarter, it received “multi-million dollar orders from a range of leading service providers around the world” for the software version of InfiniStreamNG. One of the hardware implementations of the InfiniStream device is pictured above.
NetScout reports quarterly results
NetScout highlighted the Vodafone deal in its quarterly results, which it posted this week. Total revenues for its fiscal fourth quarter were $318.9 million, up from $285.9 million in the same period last year. Product revenues accounted for 66% of total revenues and services made up about 34%. Net income for the quarter came in at $22.3 million, up from a net loss of $3.6 million in the prior year’s fiscal fourth quarter.
The company said that security firm Arbor Networks, which it acquired as part of its $2.6 billion acquisition of Danaher’s communications unit, had a particularly good quarter. Singhal said in a statement on the company’s results that Arbor Networks’ performance during the quarter was “exceptional.” Net Scout credited “demand from both service provider and enterprise customers … due to the notable escalation in the size, frequency and complexity of distributed denial of service (DDoS) attacks during the past 12 months.”
NetScout’s full-year fiscal 2017 included net income of $33.3 million, up from a net loss of $28.4 million in the prior year. Total revenues for the year were $1.162 billion, up from $955.4 million, and net income for the full year was $33.3 million, compared to a loss of $28.4 million the year before.
“We have made excellent progress on our new product cycle that is aimed at further elevating our value proposition and solidifying our incumbency in key accounts,” Singhal said, adding that NetScout is “pleased with the traction that we have generated thus far in the service provider market with our InfiniStreamNG real-time information platform in its software-only form factor. We are moving aggressively to accelerate adoption of our new software platform and navigate a challenging spending environment within this vertical without any significant erosion to our overall revenue.”
Image copyright: kentoh / 123RF Stock Photo
