Extreme Networks Reports Fourth Quarter and Fiscal Year 2018 Financial Results
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Extreme Networks (EXTR) Tops Q4 EPS by 1c, Slight Miss on Revenues
August 8, 2018 7:38 AM EDTExtreme Networks (NASDAQ: EXTR) reported Q4 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $278.3 million versus the consensus estimate of $279.22 million.
Fourth quarter revenue was $278.3 million, or an increase of 56% year-over-year.GAAP gross margin for the fourth fiscal quarter was 54.0%, a reduction of 340 basis points year-over-year, and non-GAAP gross margin was 57.6%, an increase of 10 basis points year-over-year.GAAP operating margin for the fourth fiscal quarter was (1.2)% and non-GAAP operating margin was 9.8%, compared to 8.8% and 12.8%, respectively, year-over-year.GAAP net loss for the fourth... More