Extreme Networks Q2 revenue down 6.9% YoY; GAAP EPS $0.03, non-GAAP $0.24

EXTREME NETWORKS INC

2024-Q2 EPS reported $0.25 revenue$649,514,000

Revenue $296.4M, down 6.9% YoY; SaaS ARR $158M, up 37.4% YoY.
GAAP diluted EPS $0.03 vs $0.13; non-GAAP diluted EPS $0.24 vs $0.27.
GAAP gross margin 61.9% (vs 57.1%); non-GAAP gross margin 62.5% (vs 58.5%).
Generated $34.3M operating cash flow; repurchased 1.5M shares for $25M.
Q3 outlook: expects higher sell-through than sell-in, plans cost actions; expects sequential growth in Q4.

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 0.95

EXTREME NETWORKS INC reported the quarter ended December 31, 2023 results: revenue $296.4 million, EPS $0.03.

Period: the quarter ended December 31, 2023
Revenue: $296.4 million
EPS: $0.03
Result: reported results

Exact text from the filing

of our business, led by the Education vertical. This will position us to deliver improved profitability and cash flow in FY25." Fiscal Second Quarter Results: • Revenue $296.4 million, down 6.9% year-over-year • SaaS ARR $158.0 million, up 37.4% year-over-year • GAAP diluted EPS $0.03, compared to $0.13 in the prior year quarter • Non-GAAP diluted EPS $0.24,

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Source: SEC EDGAR

accession 0000950170-24-009144

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