Extreme Networks Q3 FY23 revenue $332.5M (+16% YoY), raises FY23 outlook

EXTREME NETWORKS INC

2023-Q3 EPS reported $0.39 revenue$948,544,000

Revenue $332.5M (+16% YoY); GAAP EPS $0.17 vs $0.10; Non-GAAP EPS $0.29 vs $0.21.
SaaS ARR $117M (+22% YoY); product revenue $241.1M (+22% YoY).
GAAP operating margin 8.9% vs 6.1% YoY; Non-GAAP operating margin 15.6% vs 12.5%.
Free cash flow $45.8M; repurchased 1.35M shares for $25.0M.
Raises FY23 revenue outlook to ~16% YoY growth; expects Q4 revenue growth >20% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EXTREME NETWORKS INC reported third fiscal quarter ended March 31, 2023 results: revenue $332.5 million, net income $22.1, EPS $0.17. Guidance raised.

Period: third fiscal quarter ended March 31, 2023
Revenue: $332.5 million
Net income: $22.1
EPS: $0.17
Guidance: raised
Result: reported results

Exact text from the filing

-- 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

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Source: SEC EDGAR

accession 0000950170-23-014563

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