secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0001564590-21-053306
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000156459021053306/0001564590-21-053306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000156459021053306/extr-8k_20211102.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-053306

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