Extreme Networks (EXTR) Tops Q1 EPS by 3c, Offers Guidance

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Go back to Extreme Networks (EXTR) Tops Q1 EPS by 3c, Offers Guidance

Extreme Networks Reports First Quarter Fiscal Year 2023 Financial Results

October 27, 2022 7:05 AM EDT

Double-Digit Growth Fueled by Cloud Subscription Results in Record Revenue

Reiterates FY23 Revenue Growth Outlook of 10-15%

MORRISVILLE, N.C.--(BUSINESS WIRE)-- Extreme Networks, Inc. (Extreme) (Nasdaq: EXTR) today released financial results for its first fiscal quarter ended September 30, 2022.

Fiscal First Quarter Results:

Revenue $297.7 million, up 11% year-over-year, and up 7% quarter-over-quarter SaaS ARR* $111.0 million, up 41% year-over-year, and up 8% quarter-over-quarter GAAP diluted EPS $0.09, compared to $0.10 in Q1 last year and $0.04 last quarter Non-GAAP diluted EPS $0.20,... More