Extreme Networks Reports Second Quarter Fiscal Year 2020 Financial Results

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Go back to Extreme Networks Reports Second Quarter Fiscal Year 2020 Financial Results

Extreme Networks (EXTR) Reports In-Line Q2 EPS

January 29, 2020 7:08 AM EST

Extreme Networks (NASDAQ: EXTR) reported Q2 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $267.5 million versus the consensus estimate of $273.18 million.

GUIDANCE:

Sees Q3 Non-GAAP EPS of $0.11-$0.15, versus the consensus of $0.18. Sees Q3 revenue $255-$265 million versus the consensus of $275.3 million.

"Our Q2 Non-GAAP EPS of $0.13 was the result of achieving our long-standing Non-GAAP gross margin target of 60% for the first time in Extreme's history and growing operating margin both year-over-year and quarter-over-quarter. We made... More