Extreme Networks (EXTR) Tops Q3 EPS by 3c, Beats on Revenue; Offers Strong Q4 Revenue Guidance

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Go back to Extreme Networks (EXTR) Tops Q3 EPS by 3c, Beats on Revenue; Offers Strong Q4 Revenue Guidance

Extreme Networks Reports Third Quarter Fiscal Year 2023 Financial Results

April 26, 2023 7:05 AM EDT

Delivers Record Revenue, Operating Margin, and EPS and Raises FY23 Outlook

MORRISVILLE, N.C.--(BUSINESS WIRE)-- Extreme Networks, Inc. (Extreme) (Nasdaq: EXTR) today released financial results for its third fiscal quarter ended March 31, 2023.

Fiscal Third Quarter Results:

Revenue $332.5 million, up 16% year-over-year, and up 4% quarter-over-quarter SaaS ARR* $117 million, up 22% year-over-year, and up 2% quarter-over-quarter GAAP diluted EPS $0.17, compared to $0.10 in Q3 last year and $0.13 last quarter Non-GAAP diluted EPS $0.29, compared to $0.21 in Q3 last year and $0.27 last quarter GAAP gross margin... More