* NetQoS, NetScout separately report revenue growth
As many companies gird for difficult economic times, a handful of network and application performance management vendors continue to report positive news.
Among them are NetQoS and NetScout. For its part, NetQoS recently announced its earnings for fiscal year ending Dec. 31, 2008 and the company reported year-over-year revenue growth of 26% on revenues of $56.3 million, which according to the company marks the 31st consecutive quarter of growth. NetQoS also added 170 new customers over the course of the previous year and extended its technology partnerships with companies such as Cisco.
“NetQoS succeeds by offering a mix of capabilities and services that are important across geographies and industry sectors because regardless of the economic conditions, organizations still need to optimize application performance across the network and ensure they are not overspending on infrastructure,” said Joel Trammell, NetQoS CEO, in a statement.
Separately, NetScout last week announced financial results for the third quarter of fiscal 2009 a bit higher than anticipated. With GAAP revenue of $72.0 million the company saw an increase of 34%. The company in the past 12 months closed its acquisition of Network General and introduced an integrated product based on technology from the two companies. NetScout combined nGenius AFMon and Network General into the nGenius InfiniStream platform.
“We are entering the fiscal fourth quarter with good visibility, however, we remain cautious about the impact of the historic economic downturn on our business in fiscal 2010,” said Anil Singhal, president and CEO or NetScout, in a statement.
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