Extreme Networks (EXTR) Misses Q3 EPS by 1c

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Extreme Networks Reports Third Quarter Fiscal Year 2015 Financial Results

May 6, 2015 4:02 PM EDT

SAN JOSE, Calif., May 6, 2015 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR) today released financial results for the third quarter of fiscal year 2015, ended March 31, 2015.  GAAP revenue was $119.6 million and non-GAAP revenue was $120.4 million.  GAAP net loss for the third fiscal quarter was $23.5 million, or $0.24 per share, and non-GAAP net loss was $7.9 million, or $0.08 per share. 

"Our third fiscal quarter was clearly disappointing as we saw weakness from certain higher education and venue customers as well... More