Extreme Networks (EXTR) Reports In-Line Q4 EPS

Extreme Networks (NASDAQ: EXTR) reported Q4 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $140 million versus the consensus estimate of $142.06 million.

"Our results reflect solid execution and significant earnings growth compared to the prior year period. Success in delivering software-driven networking solutions to our enterprise customers, combined with prudent expense controls, produced a significant annual improvement of 400% to our bottom line on a non-GAAP basis and a healthy balance sheet," stated Ed Meyercord, President and CEO of Extreme Networks.

"The line-up of new technology solutions like our enhanced wireless cloud management platform released last week is generating excitement with our field sales teams, partners and customers alike. With a strict focus on our enterprise campus vertical markets, our tailored portfolio of wired and wireless products, custom software solutions and superior in-sourced technical support, we believe we are in a strong position heading into fiscal 2017. We have the most competitive solutions for managing the enterprise campus from access edge to the private cloud."

For earnings history and earnings-related data on Extreme Networks (EXTR) click here.

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