Extreme Networks (EXTR) Tops Q3 EPS by 1c; Guides Q4 In-Line

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Extreme Networks Reports Third Quarter Fiscal Year 2016 Financial Results

April 27, 2016 4:06 PM EDT

SAN JOSE, Calif., April 27, 2016 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR) today released financial results for its fiscal third quarter ended March 31, 2016.  Third quarter GAAP revenue was $124.9 million and non-GAAP revenue was $125.3 million.  GAAP net loss for the third fiscal quarter was $10.8 million, or $0.10 per basic share, and non-GAAP net income was $3.5 million, or $0.03 per diluted share.

"We posted solid performance for the quarter, achieving 4% year-over-year organic growth and significantly improved non-GAAP profitability, while also strengthening the balance sheet,"... More