NetScout (News - Alert) Systems, Inc., a provider of advanced network and service assurance solutions, unveiled its expected revenues for the first fiscal quarter, ended June 30, 2011 to be in the range of $62 to $64 million with GAAP net income per diluted share to be in the range of $0.04 to $0.06 and non-GAAP net income per diluted share to be in the range of $0.11 to $0.13.

And for fiscal 2012, NetScout said that it expects GAAP and non-GAAP revenue to be in the range of $300 million to $315 million. The Company expects GAAP net income per diluted share to be in the range of $0.84 to $0.97 and non-GAAP net income per diluted share between $1.07 and $1.19.

"We are disappointed by our preliminary results for the first fiscal quarter, which was below our expectations even for what is typically a seasonally slow quarter," Anil Singhal, president and chief executive officer of NetScout Systems said in a press release.

Singhal also clarified that the company’s preliminary analysis indicates that its US government new business bookings suffered substantially from budget holds and our traditionally strong financial services new business was weak, which is believed to be likely due to the profit pressure that the company’s financial customers are currently experiencing.

“We were successful in growing our service provider and non-financial enterprise businesses year-over-year. In addition to the external factors, there are execution issues that we are addressing to take advantage of the strong position that we have built in both enterprise and service provider markets," added Anil Singhal.

Singhal said that the company’s product pipeline is strong, and the company is enthusiastic about its position as the market leader in Unified Service Delivery Management based on its unique technology, its recent addition of voice and video management and the growing strength of its customer relationships across our market segments. Singhal also mentioned that due to the shortfall in Q1, the company has lowered its revenue outlook for the remainder of the year and will be initiating expense reductions.

NetScout recently completed its acquisition of privately-held Psytechnics (News - Alert), Inc., a provider of performance management technology. NetScout believes this acquisition to strengthen its Unified Service Delivery Management strategy by providing more comprehensive management of the quality of IP Voice, Video and Telepresence (News - Alert) service delivery along with all other application and data services. Eventually, the company has also managed to launch nGenius Voice | Video Manager – the first integration of technology from its acquisition of Psytechnics.