Extreme Networks Q1 FY2024 revenue up 19% to $353M, GAAP EPS doubles to $0.21

EXTREME NETWORKS INC

2024-Q1 EPS reported $0.21 revenue$353,137,000

Revenue $353.1M, +19% YoY; GAAP diluted EPS $0.21 (vs $0.09), Non-GAAP $0.35 (vs $0.20).
SaaS ARR $141M, up 30% YoY; GAAP gross margin 60.3% (+430 bps), non-GAAP 61.1% (+350 bps).
Generated $71.3M free cash flow; repurchased $24.9M of shares; net cash position $26.9M (vs net debt $73.2M a year ago).
Expects tempered revenue growth for rest of FY24 due to macro conditions, but still expects EPS growth >25% for full year.
Operating margins improved: GAAP 10.2% (up 440 bps), non-GAAP 17.7% (up 560 bps).

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 the quarter ended September 30, 2023 results: revenue $353.1 million, EPS $0.21.

Period: the quarter ended September 30, 2023
Revenue: $353.1 million
EPS: $0.21
Result: reported results

Exact text from the filing

Revenue $353.1 million, up 19% year-over-year.

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Source: SEC EDGAR

accession 0000950170-23-057125

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