secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014563
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000095017023014563/0000950170-23-014563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000095017023014563/extr-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014563

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