Extreme Networks (EXTR) Tops Q2 EPS by 5c, Offers Guidance

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Extreme Networks Reports Second Quarter Fiscal Year 2017 Financial Results

February 1, 2017 4:05 PM EST

SAN JOSE, Calif., Feb. 1, 2017 /PRNewswire/ -- Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results for its fiscal second quarter ended December 31, 2016.  Second quarter revenue was $148.1 million.  GAAP gross margin for the second fiscal quarter was 50.9% and non-GAAP gross margin 57.5%.  GAAP operating margin for the second fiscal quarter was (5.0)% and non-GAAP operating margin was 9.4%.  GAAP net loss for the second fiscal quarter was $8.6 million, or $0.08 per basic share, and non-GAAP net income was $12.7 million, or $0.12 per diluted share.

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