Extreme Networks (EXTR) Tops Q2 EPS by 3c, Offers Guidance

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Go back to Extreme Networks (EXTR) Tops Q2 EPS by 3c, Offers Guidance

Extreme Networks Reports Second Quarter Fiscal Year 2023 Financial Results

January 25, 2023 7:05 AM EST

Delivers Consistent Double-Digit Growth and Raises FY23 Revenue Outlook

MORRISVILLE, N.C.--(BUSINESS WIRE)-- Extreme Networks, Inc. (Extreme) (Nasdaq: EXTR) today released financial results for its second fiscal quarter ended December 31, 2022.

Fiscal Second Quarter Results:

Revenue $318.3 million, up 13% year-over-year, and up 7% quarter-over-quarter SaaS ARR* $115 million, up 29% year-over-year, and up 6% quarter-over-quarter GAAP diluted EPS $0.13, compared to $0.10 in Q2 last year and $0.09 last quarter Non-GAAP diluted EPS $0.27, compared to $0.21 in Q2 last year and $0.20 last quarter GAAP gross margin 57.1%... More