Extreme Networks Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19; FY23 revenue $1.3B (+18%)

EXTREME NETWORKS INC

2023-FY EPS reported $0.58 revenue$1,312,454,000

Q4 revenue $363.9M (+31% YoY); GAAP EPS $0.19 (vs $0.04); non-GAAP EPS $0.33 (vs $0.15).
FY23 revenue $1.3B (+18% YoY); GAAP EPS $0.58 (up from $0.33); non-GAAP EPS $1.09 (up from $0.77).
SaaS ARR $129M (+25% YoY). Free cash flow $235.4M for the year, doubling prior year.
Ended year with net cash $9.8M; repurchased $100M shares and paid down $80M debt.
Management expects continued strong growth in FY24.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

EXTREME NETWORKS INC reported financial results for its fourth quarter and fiscal year ended June 30, 2023.

Period: its fourth quarter and fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 2, 2023, Extreme Networks, Inc. (the “Company”) issued a press release announcing certain financial results for its fourth quarter and fiscal year ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

EXTREME NETWORKS INC reported fourth quarter ended June 30, 2023 results: revenue $363.9 million, EPS GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter.

Period: fourth quarter ended June 30, 2023
Revenue: $363.9 million
EPS: GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter
Result: reported results

Exact text from the filing

Fiscal Fourth Quarter Results: • Revenue $363.9 million, up 31% year-over-year, and up 9% quarter-over-quarter • SaaS ARR $129.0 million, up 25% year-over-year, and up 10% quarter-over-quarter • GAAP diluted EPS $0.19, compared to $0.04 in the prior year quarter • Non-GAAP diluted EPS $0.33, compared to $0.15 in the prior year quarter • GAAP gross margin 58.9% compared to 55.4% in the prior year quarter • Non-GAAP gross margin 60.2% compared to 57.0% in the prior year quarter • GAAP operating margin 10.4 % compared to 3.8 % in the prior year quarter • Non-GAAP operating margin 17.4 % compared to 9.6% in the prior year quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

EXTREME NETWORKS INC reported fiscal year ended June 30, 2023 results: revenue $1.3 billion, EPS GAAP EPS $0.58, up from $0.33 in fiscal 2022.

Period: fiscal year ended June 30, 2023
Revenue: $1.3 billion
EPS: GAAP EPS $0.58, up from $0.33 in fiscal 2022
Result: reported results

Exact text from the filing

Fiscal Year 2023 Results: • Revenue $1.3 billion, up 18% compared to $1.1 billion in fiscal 2022 • GAAP EPS $0.58, up from $0.33 in fiscal 2022 • Non-GAAP EPS $1.09, up from $0.77 in fiscal 2022 • GAAP operating margin 8.3% compared to 5.8% in fiscal 2022 • Non-GAAP operating margin 15.2% compared to 12.2% in fiscal 2022

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Source: SEC EDGAR

accession 0000950170-23-036775

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