Extreme Q4 rev $278.1M (+29% YoY); non-GAAP EPS $0.19; guides FY22 to high-end of 5-9% growth

EXTREME NETWORKS INC

2021-FY EPS reported $0.02 revenue$1,009,418,000

Q4 revenue $278.1M (+29% YoY); GAAP EPS $0.08 vs ($0.18); non-GAAP EPS $0.19 vs $0.03.
Full-year FY21 revenue $1,009.4M (+6% YoY); free cash flow $127.4M; net debt reduced to $99.9M.
Cloud new subscription bookings +111% YoY; Extreme ranked #2 in cloud-managed network market.
Q4 GAAP gross margin 57.9%, non-GAAP 60.5%; operating cash flow $57.0M.
FY22 guidance: revenue toward high-end of 5%-9% long-term growth; double-digit operating margins.

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