Extreme Networks Reports Q1 FY2022 Revenue $267.7M, Up 14% YoY, Record Operating Income

EXTREME NETWORKS INC

2022-Q1 EPS reported $0.10 revenue$267,684,000

Revenue $267.7M, up 14% YoY; GAAP EPS $0.10 vs ($0.07); Non-GAAP EPS $0.21 vs $0.09.
GAAP operating margin 6.9% vs 0.0% YoY; non-GAAP operating margin 13.8% (record high).
Backlog doubled to over $200M; SaaS subscription bookings grew 71% in Q1.
Cash from operations $40.3M; free cash flow $36.8M, up 70% YoY.
Expects double-digit organic revenue growth in FY22, above prior guidance of 5% to 9%.

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