NetScout Systems, Inc. (NASDAQ:NTCT) Q2 2024 Earnings Call Transcript

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Anil Singhal: Yes. So we don’t break out the – I mean, most of the cable business is part of the enterprise service assurance – enterprise works to – carrier vertical in the U.S. And largely, all of the cable business is that. So I don’t have the breakdown of the cable versus the total because we don’t report that. But the types of projects – there are projects in the security area, and DDoS area, Omni security area, DNS protection, there are a lot of security type projects. There are a lot of visibility type projects in the cable. And so it also a lot of people are using now, cable also are having their own 5G initiatives. So there are projects related to that. So they are all traditional things, except there has been more focus on the cable side in the recent past, and that’s why we see the impact this time.

Kevin Liu: Understood. And just as you kind of parse through the demand environment, is there any noticeable change in priorities between kind of your service assurance portfolio versus cybersecurity?

Anil Singhal: Yes. I think like for many other vendors, if you look at any companies who have multiple verticals or multiple solution sets, yes we see the Cybesecurity project and – get higher prioritization, especially when the spending is tough. And that’s why you saw an uptick in that area versus the service assurance for the first half.

Kevin Liu: Thanks for taking the questions.

Anil Singhal: Thank you.

Operator: Thank you. This does conclude the Q&A portion of today’s call. And I would now like to turn the call over to Tony for any additional or closing remarks.

Tony Piazza: Thank you, operator. That concludes our call for today. Thank you all very much for joining us. Have a good rest of the day.

Operator: Thank you, ladies and gentlemen. This concludes today’s NETSCOUT’s Second Quarter Fiscal Year 2024 Financial Results Conference Call. You may disconnect at any time.

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