NetScout Recognized as one of Massachusetts' Top Companies by The Boston Globe for the Eighth Consecutive Year
NetScout's 2012 Financial Performance Propels Company to 30 th Position in the 2013 Globe 100 Rankings
WESTFORD, Mass.--(BUSINESS WIRE)-- NetScout® Systems, Inc., today announced that the company was named by The Boston Globe to its "Globe 100" list for the eighth consecutive year, moving up to the 30th position overall from its 2012 position of 83. Among Massachusetts technology sector companies, NetScout ranked ninth. According to the Boston Globe report, in 2012 NetScout increased revenues to $341.9 million, a 15.1 percent one-year change, and increased profit margins 12.1 percent year-over-year. Each year, the Globe 100 list ranks the best-performing, publicly traded corporations based in Massachusetts by how well they increased revenue, profit margin and return on equity for shareholders.
This year's ranking demonstrates NetScout's momentum, with a remarkable 53-spot jump in the rankings over last year's Globe 100. NetScout provided investors with an 11.4 percent average return on equity and the Globe identified NetScout as one of the top 50 Massachusetts companies in return on equity.
"NetScout's high ranking in the Globe 100 is appreciated recognition for our performance and execution in 2012," said Michael Szabados, chief operating officer at NetScout. "Our continued growth is enabled by our dual market strategy focused on the enterprise and service provider markets and is a tribute to our employees' hard work and dedication to delivering differentiated products and maintaining strong customer relationships."
The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending December 31, 2012. To be eligible, the company must be traded publicly for the entire 2012 calendar year on the New York Stock Exchange, the NASDAQ or the American Stock Exchange and report revenue and profit for both 2011 and 2012. Companies are ranked on four criteria: return on average equity, one-year percentage change in revenue, one-year percentage change in profit margin and 2012 revenue.
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company, a leading global, multimedia news and information company with 2012 revenues of $2.0 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, NYTimes.com, BostonGlobe.com, Boston.com and related properties. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news and information.
About NetScout Systems, Inc.
NetScout Systems, Inc. (NAS: NTCT) is the market leader in Unified Service Delivery Management enabling comprehensive end-to-end network and application assurance. For 28 years, NetScout has delivered breakthrough packet-flow technology that provides trusted and comprehensive real-time network and application performance intelligence enabling unified assurance of the network, applications and users. These solutions enable IT staff to predict, preempt and resolve network and service delivery problems while facilitating the optimization and capacity planning of the network infrastructure. NetScout nGenius® and Sniffer® solutions are deployed at more than 20,000 of the world's largest enterprises, government agencies, and more than 148 service providers, on over one million physical and 2,000 virtual network segments to assure the network, applications, and service delivery to their users and customers. For more information about NetScout go to http://www.netscout.com.
NetScout, nGenius and Sniffer are registered trademarks of NetScout Systems, Inc.
Davies Murphy Group, Inc.
Joseph Rigoli, 781-418-2423
KEYWORDS: United States North America Massachusetts
The article NetScout Recognized as one of Massachusetts' Top Companies by The Boston Globe for the Eighth Consecutive Year originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.